+3.2%
Confluence for shorting
1. 4h Resistance at 0.5 fibonacci retracement
2. Bearish Engulfing candle at retracement in confluence with 1.
3. 50EMA dynamic resistance at 4h
4. 50 EMA dynamic resistance at Daily on potential Swing High
5. Market Structure is Bearish with clear LH LL
6. Weekly, Daily, 4h, 1h all in confluences of bearish momentum
ENTRY Candle Confirmation
Bearish Engulfing candle on 4h
Confluence for shorting
1. 4h Resistance at 0.5 fibonacci retracement
2. Bearish Engulfing candle at retracement in confluence with 1.
3. 50EMA dynamic resistance at 4h
4. 50 EMA dynamic resistance at Daily on potential Swing High
5. Market Structure is Bearish with clear LH LL
6. Weekly, Daily, 4h, 1h all in confluences of bearish momentum
ENTRY Candle Confirmation
Bearish Engulfing candle on 4h
Hold nothing sacred in search of truth