The main idea behind this setup is causes by the price had hit the resistance area and the pull back is creating the Lower Low situation.
Trade ist aktiv:
Price hit the supply area and SMA 20&50 forming a death cross, trend tend to a bearish
Trade ist aktiv:
In previous day the price still can't break the resistance area and creating Higher Low & Lower Low condition. Trend tend to the bearish.
Trade geschlossen: Stop wurde erreicht