EOS Short Setup
Actualizado
Setting up to take a short position on EOSUSDT. If you like our chart, make sure to hit the LIKE button! Your support is appreciated.
SUMMARY: Looking to open a short on EOSUSDT based on our Range Retester strategy.
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STRATEGY USED: Range Retester
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping with or without retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
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DESCRIPTION:
1. Our Directional Bias (bar color Maroon) is showing a downtrend on the hourly chart. As such, we are looking for a short position.
2. We are looking at the level between the bearish order block and the Directional Bias Average range highlighted on the chart to open a short.
3. We are using a high above the bearish order block at R1 as our stop loss with the assumption that we will avoid a potential stop hunt by placing our stop above R1.
4. Our planned exit is right before the bullish order block at S1. We want to front run this potential support level as we suspect other traders will be looking for an exit here as well.
5. We will also use "S tp" (short take profit) signals from Triggers to take profit if those signals occur before hitting the stop or the target.
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NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
SUMMARY: Looking to open a short on EOSUSDT based on our Range Retester strategy.
---
STRATEGY USED: Range Retester
Trend Confirmation = Directional Bias
Entry Signal = Orderblock Mapping with or without retest of Directional Bias Range
Exit Signal = Triggers OR Directional Bias OR Orderblock Mapping
---
DESCRIPTION:
1. Our Directional Bias (bar color Maroon) is showing a downtrend on the hourly chart. As such, we are looking for a short position.
2. We are looking at the level between the bearish order block and the Directional Bias Average range highlighted on the chart to open a short.
3. We are using a high above the bearish order block at R1 as our stop loss with the assumption that we will avoid a potential stop hunt by placing our stop above R1.
4. Our planned exit is right before the bullish order block at S1. We want to front run this potential support level as we suspect other traders will be looking for an exit here as well.
5. We will also use "S tp" (short take profit) signals from Triggers to take profit if those signals occur before hitting the stop or the target.
---
NOTE: We conduct market analysis on a daily basis from a trend trading perspective using our own in house built tools. If you like any of the content we provide please leave a like and a follow to show your appreciation.
Comentarios
Re-considering that lower orderblock as our final target. We got a Short Take Profit signal on that dump low so since some of the profit has been realized already we can now get stopped out and still have this been a profitable trade. Exención de responsabilidad
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