False breakout leads to rally into a structure short zone
Updated
Previously, I had mentioned the con's of shorting into support structure and indeed on Monday itself, market has bottomed temporarily into my short structure.
There are still some gas left in this bull, so I'd be keeping a lookout on a lower high lower low in the Red zone itself before I take interest in shorting it.
I want the risk to reward to be favorable, thus I have to wait. Keep you guys posted!
Order cancelled
There is no lower high lower close candle i could trade on within the structure. Thus,there was no trade involved. I'm looking at a new level to trade long or short. Will update soon!
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