Based on timeframe analysis, this a intraday short trade centered around :
I also showed my projected stop loss and take profit areas. Be sure to use proper money management when trading, its the most important part.
Happy Trading.
- Delroy
- Break of Structure on the H4, H1 and M15
- Test of a strong daily resistance level
- Bearish engulfing candlesticks showing a change in trend momentum
- Retest of the break of structure before continuation of new trend
I also showed my projected stop loss and take profit areas. Be sure to use proper money management when trading, its the most important part.
Happy Trading.
- Delroy