1. Price in an overextended zone on the 4HR time frame, with entry criteria on the 5 minute met.
2. Price has not closed above the prior short swing point.
3. RR is over a 1.5 at time of entry.
4. If the current bar closes above the white line starting at the 5 minute and making its way up, the trade will be cut short. Otherwise it shall run until stop loss or profit taking.
Please keep in mind this is a small 4HR intra/daytrade I expect price to pull back and then take a further push to the upside.
All the best!
2. Price has not closed above the prior short swing point.
3. RR is over a 1.5 at time of entry.
4. If the current bar closes above the white line starting at the 5 minute and making its way up, the trade will be cut short. Otherwise it shall run until stop loss or profit taking.
Please keep in mind this is a small 4HR intra/daytrade I expect price to pull back and then take a further push to the upside.
All the best!