I am looking for a test of the close support thats seen in the previous days session, Trade will trigger if the next candle breaks under the previous candle. Looking at the 5 minute there is tremendous bearish divergence. Stop at the highs.
Note
Before Triggering, I need it to break under the current 30 m candle.Note
Matter of fact, if this 30 m candle closes in range, I will look to short the possible confirmation on the next 30m. Probably the same trigger point. If not, I will not execute any trade, and will rather look for another entry.Note
Dead trade. This is the reason to be patient. If I would of triggered on the candle that closed in range I would definitely be down substantially. There is something to be learned here for sure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.