Short
Rook 1H Short
Setup: Rook is respecting the 50 EMA. So the plan is to wait for price to bounce off the 50 EMA and have a price rejection candle, that is when we go short. We also wait for MACD to cross down. When these 2 conditions occur, this is when we enter the trade.
Entry: Price rejection candle off the 50 EMA and MACD crosses down
SL: 1 ATR above 50 EMA
TP: 114.3( Daily support)
Entry: Price rejection candle off the 50 EMA and MACD crosses down
SL: 1 ATR above 50 EMA
TP: 114.3( Daily support)
Note
entered trade at 140.7Note
Closed my position as market appears to be going to range
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.