price currently respected off the H4 major key level , and form a new H1 level . waiting for imbalance to be filled before executing the trade . target will be at the low . if price break through the high of the bearish engulfing pattern on the H1 , sell setup will no longer be valid .
Note : for extra confirmation , price have to be base on the overall dxy market structure
confluence: 1) price currently break the previous low
2) imbalance form and waiting to be filled
3) bearish engulfing pattern waiting to be filled
Note : for extra confirmation , price have to be base on the overall dxy market structure
confluence: 1) price currently break the previous low
2) imbalance form and waiting to be filled
3) bearish engulfing pattern waiting to be filled