The infamous "Florida" Trade is possibly setting up and I will monitor it and possibly enter a limit order just under the open.
The Florida trade is extreme selling and does not get above the open all day.
There is two ways to enter. A limit just under the open and the trend continuation down below.
Every Florida trade closes at the extreme low.
I don't know if this is what is setting up but I am willing to try it. I will monitor it closely in London session to see how price reacts to the blue open price.
I will share a couple of past Florida trades to show you what I am talking about. This is my own personal name and setup for it.
Catatan
Today was a perfect Florida Trade Setup. Perfect shorting day.
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