Pullback to short, watch on the 1 hour
Updated
This presents a good setup if ES forms a lower high, higher low on the 1 hour.
As of this moment, we do not know the extend of how much the pullback will be.
Instead of trying to guess, i'd let the market trade into the bearish structure.
The gap distance is from 2443.5 to 2436 and 2436 which was once my profit
taking target would naturally become a selling entry.
As of this moment, we do not know the extend of how much the pullback will be.
Instead of trying to guess, i'd let the market trade into the bearish structure.
The gap distance is from 2443.5 to 2436 and 2436 which was once my profit
taking target would naturally become a selling entry.
Comment
I wait for candles to form as a measurement to how wide my stops would be. Thinking is simple but effective for me.Comment
Ok no entry as market pierces through the gap with no lower high, higher low entry.Comment
This brought us back to 2452 region, i'm looking to short if higher low lower high candle is formed.Trade closed: stop reached
So finally ES rallied. Well, its a small loss, compared to what I did on ES.
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