UK 100Corto
Swing It
1. Swing trade looks better than the daily.
2. Daily previous low has been broken.
3. Price currently sits between the weekly previous high and low.
4. History shows price touched the previous weekly low and touched the previous weekly high. History price repeats itself.
5. I will look to go short on the 4 hr down to the previous weekly low because there is price history there.
6. Entry just below the price equilibrium, place stop at bottom of the FVG.
7. take profit just above the previous weekly low for a 1:4 risk vs reward.
8. enter one full lot.
Note: I see price made higher lows but seemed to make equal highs, maybe a reversal to downside is favorable.
Also price was under sold making a fair value gap. This gap seems to be a strong imbalance. FVG seems to add resistance preventing price from moving higher.
2. Daily previous low has been broken.
3. Price currently sits between the weekly previous high and low.
4. History shows price touched the previous weekly low and touched the previous weekly high. History price repeats itself.
5. I will look to go short on the 4 hr down to the previous weekly low because there is price history there.
6. Entry just below the price equilibrium, place stop at bottom of the FVG.
7. take profit just above the previous weekly low for a 1:4 risk vs reward.
8. enter one full lot.
Note: I see price made higher lows but seemed to make equal highs, maybe a reversal to downside is favorable.
Also price was under sold making a fair value gap. This gap seems to be a strong imbalance. FVG seems to add resistance preventing price from moving higher.
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