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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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Bearish market structure with lower highs and lower lows.
Entries taken during weak pullbacks in a downtrend.
Buyers showed weak momentum with small green candles.
Resistance zone held multiple times before entries.
Strong bearish continuation candles confirmed seller control.
Multiple PUT trades followed the dominant trend direction.
Final impulse candle pushed price to new lows, validating the setup.
Entries taken during weak pullbacks in a downtrend.
Buyers showed weak momentum with small green candles.
Resistance zone held multiple times before entries.
Strong bearish continuation candles confirmed seller control.
Multiple PUT trades followed the dominant trend direction.
Final impulse candle pushed price to new lows, validating the setup.