Two cases for sell entry:
Case one:
- Price retest the higher resistance again where been rejected 4 x H1 candle
- Wait for price close above as close as to the resistance as possible
- Sell stop below the resistance stop above resistance ride the momentum down
Case two:
- Price unable to retest high but break below recent support
- Wait for retest and rejection
- Sell stop below the previous support (which will be confirmed as resistance), stop above the support line.
Case one:
- Price retest the higher resistance again where been rejected 4 x H1 candle
- Wait for price close above as close as to the resistance as possible
- Sell stop below the resistance stop above resistance ride the momentum down
Case two:
- Price unable to retest high but break below recent support
- Wait for retest and rejection
- Sell stop below the previous support (which will be confirmed as resistance), stop above the support line.
Kommentar:
Late for the entry... next trade.