Remember our original thesis here is bearish but we wanted to get a break of ssb, retest and then we enter. Alternatively the other option was price going up to test the yellow zone (see attachment) then we get in on rejection from that zone. What we are seeing now is the daily ssb acting as strong support and refusing to let price through. This means we can take a long position and possibly ride price to the yellow zone. The bullish engulfing made at the 10 am candle is what did it for us and the higher high 4 candles later cemented it.
Entry:0.6880
SL 0.6870
TP 0.6909
R 3.14
Entry:0.6880
SL 0.6870
TP 0.6909
R 3.14
