Price seemed to be exhausting, failing to make a close above 1782.80. A great indication that price would be reversing. My confluences to enter the trade: Prices closing below resistance zone at 1782.15. Spinning top at the top of the trend on the 5 min TF, followed by a bearish engulfing candle. My last confluence to indicate a great short position is price breaking and closing below 1781.80.
Entering at 1781.80 Holding this position to 1772.95
Risk Reward: 35:1
Entering at 1781.80 Holding this position to 1772.95
Risk Reward: 35:1