I am taking this trade from a 4HR AOI. Sell is valid unless price breaks above and stays above current zone.
Looking for follow through past current support on the 15m TF for conformation. Will take the short to any of the TP's shown but the final TP is the D support zone.
If price breaks above the zone, I will be switching bias and looking for a buy. News is approaching so I'm will be careful/mindful.
I feel more comfortable taking this bearish trade after such bullish momentum only because 4HR structure is still bearish. Price also broke out of the zone (bearish) and then retested, creating a double top. Going to watch and wait for further confirmation.
Looking for follow through past current support on the 15m TF for conformation. Will take the short to any of the TP's shown but the final TP is the D support zone.
If price breaks above the zone, I will be switching bias and looking for a buy. News is approaching so I'm will be careful/mindful.
I feel more comfortable taking this bearish trade after such bullish momentum only because 4HR structure is still bearish. Price also broke out of the zone (bearish) and then retested, creating a double top. Going to watch and wait for further confirmation.
Trade active:
1st TP hit. SL is moved in 10 pips and I've partialed out.
Trade closed manually:
After 1st TP, BE was hit
Trade closed: target reached