Confluences for a Short Trade are:
- Bearish Sequence
- Rejection of 78.6%
- 3rd Touch Daily Descending Trend Line
- Retest of Market Structure
- Retest of 4 Hour 50ema and closure below
- Multiple High Test Rejections on the 15 minute time frame
- 1 Hour Evening Star Formation (entry confirmation)
Instagram: @TheTravelTrader (www.instagram.com/thetraveltrade...)
Twitter: @fx_ollie (twitter.com/fx_ollie)
- Bearish Sequence
- Rejection of 78.6%
- 3rd Touch Daily Descending Trend Line
- Retest of Market Structure
- Retest of 4 Hour 50ema and closure below
- Multiple High Test Rejections on the 15 minute time frame
- 1 Hour Evening Star Formation (entry confirmation)
Instagram: @TheTravelTrader (www.instagram.com/thetraveltrade...)
Twitter: @fx_ollie (twitter.com/fx_ollie)