Reason why:
- Price broke the 18th June bears day, meaning on that day the bears were active during london. That price action got engulfed.
- Price has extremely dropped in the past days, so a bounce wouldn't be a suprise.
- The entry will be at the yellow area, however I will wait for rejection candles (wicks)
- Price broke the 18th June bears day, meaning on that day the bears were active during london. That price action got engulfed.
- Price has extremely dropped in the past days, so a bounce wouldn't be a suprise.
- The entry will be at the yellow area, however I will wait for rejection candles (wicks)