Not placing orders, need completion of the premise. If the premise completes, I will place orders.
Premise:
1. The price will retrace to the OTE while simultaneously showing a bearish divergence on the 30min SRSI and RSI,
2. This will coincide with the 4hr SRSI going overbought for the third time and showing a beardiv on the 4hr RSI
Execution:
1. Single order at 3530 for 1x cross Short
2. Single order at 3557 to make the Short 2x cross
3. Target 1 : 3487 (close the 3557 entry here)
4. Target 2 : 3442 (close half hedge here)
Result:
1. A 2.73:1 RR trade is completed.
Premise:
1. The price will retrace to the OTE while simultaneously showing a bearish divergence on the 30min SRSI and RSI,
2. This will coincide with the 4hr SRSI going overbought for the third time and showing a beardiv on the 4hr RSI
Execution:
1. Single order at 3530 for 1x cross Short
2. Single order at 3557 to make the Short 2x cross
3. Target 1 : 3487 (close the 3557 entry here)
4. Target 2 : 3442 (close half hedge here)
Result:
1. A 2.73:1 RR trade is completed.
Comment:
Watching volume here.
Order cancelled:
Trade was cancelled as per Premise (did not complete Premise)