A bearish bat setup on this timeframe does not necessary got me interested to engage this trade.
However, look how nicely the candle close as a long shadow and below the previous candle high. I already have the intention to short at the market based on the daily chart.
This provides a better price entry then to engage it directly on the daily chart.
Just take note is not my usual trade style off 4timeframes away but this is a 1 off thing.
However, look how nicely the candle close as a long shadow and below the previous candle high. I already have the intention to short at the market based on the daily chart.
This provides a better price entry then to engage it directly on the daily chart.
Just take note is not my usual trade style off 4timeframes away but this is a 1 off thing.
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Get into our 15mins workday community
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Live session & Trading Tips on the GO
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