Entry on H4

2019-11-03 19:33:15

We broke the tenkan on close of the Monthly candle which is a bearish alert.On the weekly we already had two bearish candles,last weeks being stronger,we expect a 3rd red candle on close for this coming week.The daily reached an area of support shown by the rectangle. Our trade will be effective if we break that support area and test it with rejection on the H4 to get a better risk to reward. The TP2 is the weekly ssb.

I will update when that happens with the exact parameters.