GU Short 4/16
Price created equal highs at a significant price level, from a previous H4 IOB. We saw price action near it and waited for CLE entry setup.
After confirmation of CLE (and price wanting to take liquidity in further lower levels) we Confirmed the Bearish flow which I've been aware of possibly occuring already, since theres been a major imbalance created, and also on daily charts showing a respected downtrend structure.
I took 1st trade on IOB, and 2nd trade on Breaker Block (based on consolidation post-break of the IOB), and previous momentum. Partial profits are created based on AOI's in previous price action as we move lower.
After confirmation of CLE (and price wanting to take liquidity in further lower levels) we Confirmed the Bearish flow which I've been aware of possibly occuring already, since theres been a major imbalance created, and also on daily charts showing a respected downtrend structure.
I took 1st trade on IOB, and 2nd trade on Breaker Block (based on consolidation post-break of the IOB), and previous momentum. Partial profits are created based on AOI's in previous price action as we move lower.
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