HTFs - HTF descending channel can be seen on daily chart and clearly rejected at 3 touch with bearish impulse and break of upward trendline | LTFs - first flag with clear structure acting as a continuation for more downside. 3 touch completion structure |
ENTRY - not over complicating this one. High broken within structure, ascending nature at the top and bearish engulfing candle. Stop above flag highs for protection.
Note
Trade active
Trade closed: stop reached
-1% loss here. No trading error, just probabilities
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