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Overall market structure is bearish (lower highs + lower lows).
Strong downward momentum before entry showed sellers were in control.
Trade appears to be a PUT/SELL position taken after a continuation move down.
Entry was near a weak consolidation/retest area, expecting breakdown continuation.
Small green candles before entry showed weak buyer strength, not a strong reversal.
Previous support was already broken, turning into resistance.
Red impulse candle near entry confirmed renewed selling pressure.
Good trend-following setup rather than counter-trend trading.
Risk factor: entry was slightly late after a sharp drop, so short-term pullback danger existed.
Best confirmation would be:
rejection wick,
bearish engulfing candle,
or volume spike before entry.
Strong downward momentum before entry showed sellers were in control.
Trade appears to be a PUT/SELL position taken after a continuation move down.
Entry was near a weak consolidation/retest area, expecting breakdown continuation.
Small green candles before entry showed weak buyer strength, not a strong reversal.
Previous support was already broken, turning into resistance.
Red impulse candle near entry confirmed renewed selling pressure.
Good trend-following setup rather than counter-trend trading.
Risk factor: entry was slightly late after a sharp drop, so short-term pullback danger existed.
Best confirmation would be:
rejection wick,
bearish engulfing candle,
or volume spike before entry.
I will continue in copy trading now
In copy trading it copies my trades automatically in your account.
In copy trading it copies my trades automatically in your account.
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