- Bearish market since 2017 so we are looking for sell opportunities - Will wait for the banks to take out stop losses and for a 1hr candle to close below structure before I enter the sell I have listed 2 entry ideas. Would like to see if this swings all the way down for 1000 pips
looking to enter at a point of confluence where Structure meets trendline and fib level (38.2%) Please observe the market carefully before entering. Price should close below structure before you enter.. i.e the 30min or 1hr candle bodies should close below structure
Liquidity hunt/stop hunt is complete. wait for the. retracement up to the entry point before shorting
We sold to TP2 and a bit last week Price has retraced to TP1, so we can re-enter the sell see below for the original trade idea
20 pip SL In case it breaks the trend line. we will look to re-enter when liquidity has been taken out 1.7585
Price is in a range but down trending on the 1H Price has retraced to 50% of the downward move and taken out Stop losses from the consolidation. We are looking to continue to the sell. Could do with a wider SL in case it retraces to rebalance the bearish ICs above but if taken out, we will re-enter from above £ = liquidity resting point (where stop losses and...
Detailed analysis 1- Price is in a downtrend on the 4H so we should be looking to sell 2. The bank has done a Stop hunt/liquidity hunt ie taking out stop losses (See where I marked X) from previous sells 2. Price has retraced to the 50% Fib (If SL is hit and it goes to the 61.8% we may look to re-enter. the sell from there) 2. Price always has to rebalance itself...
SRT 1. downtrend on 1hr, so continuing the trend by selling high. 2 Confluence of structure, trendline, fib level, fib comnmonalities 3.Liquidity waiting below 4. 4 and 50 MA crossed