ANALYSIS
--------------
DAILY TF: BIG REJECTION WICK, BEARISH ENGULFING
4HR TF: CONSECUTIVE BEARISH CANDLES
1HR: BREAK OF A RECENT LOW
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING SELLS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES
- CHECK NY SESSION FOR BREAKOUT OF THE CORRECTION PHASE
ENTRY REASON
--------------------
- BREAK OF CORRECTION CHANNELS
STOP LOSS TO BE DETERMINED AFTER CORRECTION PHASE
TAKE PROFIT @ NEXT ZONE
--------------
DAILY TF: BIG REJECTION WICK, BEARISH ENGULFING
4HR TF: CONSECUTIVE BEARISH CANDLES
1HR: BREAK OF A RECENT LOW
PLAN OF ACTION
----------------------
- WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR & OR 5MIN TF TO COMPLETE BEFORE TAKING SELLS
- IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND BUY TRADES
- CHECK NY SESSION FOR BREAKOUT OF THE CORRECTION PHASE
ENTRY REASON
--------------------
- BREAK OF CORRECTION CHANNELS
STOP LOSS TO BE DETERMINED AFTER CORRECTION PHASE
TAKE PROFIT @ NEXT ZONE
Trade closed: target reached
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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.
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.