Bearish engulfing Liquidity sweep at the level of the bearish order block happened with high volumes and also formed an inverted hammer, followed by a bearish candle, which made a bearish engulfing pattern with the previous inverted hammer candle. Now we can expect a continuation of the downtrend from here with a 1:1 risk-to-reward ratio.
In-depth trading ideas
Retracement is indeed the trend for our entryThe chart seems like it's going uptrend and is currently in a retracement phase of the downtrend in this current time frame but we have to take a trade which is very short term. We have to capture this retracement phase and actually the market is in a downtrend currently so we hope and we believe that it will retrace still more. I would enter on this price shown in the image and I'll put stop loss and take profit targets as shown in the image .


