Sell Setup Confirmation with 1:5 Risk-Reward Target
1. The candle closes at the all-time high,
2. and the next candle breaks that high,
3. closing as the first red candle.
4. The second red candle also confirms that selling pressure is increasing.
5. The third candle’s high does not break the low of the first red candle.
6. Now our resistance is confirmed.
7. According to the trade setup, we will take a trade here.
8. We will book a 1:5 target
2. and the next candle breaks that high,
3. closing as the first red candle.
4. The second red candle also confirms that selling pressure is increasing.
5. The third candle’s high does not break the low of the first red candle.
6. Now our resistance is confirmed.
7. According to the trade setup, we will take a trade here.
8. We will book a 1:5 target
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