short Trend trade on lower time frame
Updated
Higher time frame 60 min shows a strong lower trend by making lower lows. Price has retraced back close to previous highs, which makes a great risk/reward trade, and RSI on the higher time frame shows overbought conditions. I am short taking profits at previous structure lows
Trade closed: stop reached
Market reversed at the previous structure. Could not get the retest of the lows. Stops reached
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