this is a trade which formed late last week and followed through at the open of the Market
M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr
A - price broke through a previous support now turned resistance and has not retested the same zone twice
E - entry on Engulging. Pin bar or rejection candle at area of value
E -exit on lows of previous price action
M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr
A - price broke through a previous support now turned resistance and has not retested the same zone twice
E - entry on Engulging. Pin bar or rejection candle at area of value
E -exit on lows of previous price action