Yesterday closing market setup.
Trading Plan :
1. Setup : EMA14<EMA50 = Sell trend
2. Signal: 15min Price retest EMA14
3. Confirmation: 5min Bearish Engulfing
4. Entry: at least 50% bearish engulfing body CS
5. SL: 10tick above retest CS
6. TP: 15min support area / if there any rejection
If today price open above EMA14 consider the market sideway with this possibilities :
1) Test EMA50
2) Test Resistance (R1):4900 and Support (S1):4849
Notice price is closer to the major uptrend line. Price may break the trendline or reject the trendline to continue bullish momentum.
Trade.At.Your.Own.Risk (TAYOR)