Downtrend shows predictable movement. However, the resistance line still needs to be tested at least once. Waiting for a confirmation candle to touch the resistance and downtrend will continue. Also, the candle of today needs to develop and wait for the candle movement. P/L ratio = 2:1
when buy order is triggered price will go up after bounce with the trend.
buy order set. expected to go short. 1R loss: 2R profit
Watching. Breaking thru resistance line. Buy order is set.
short order under low of confirmation candle. Stochastics show overbought, so short on uptrend.