1) Change in market structure with price forming LH along with long wick candle rejection
2) price was in a bearish channel ( HFT correction phase)
3) Price touched weekly downtrend line (major Zone)
4) Horizontal resistance
5) Price broken out of LFT correction at 1hr time frame
6) Mini HSD pattern with price retesting the neckline in a 15mins bearish channel
7) Divergence
2) price was in a bearish channel ( HFT correction phase)
3) Price touched weekly downtrend line (major Zone)
4) Horizontal resistance
5) Price broken out of LFT correction at 1hr time frame
6) Mini HSD pattern with price retesting the neckline in a 15mins bearish channel
7) Divergence
Trade closed: stop reached:
Price Hit breakeven point