- Buyers have been coming up slowly towards the H4 sellers area.
- Higher highs are being made incrementally, not in a breakout fashion, suggesting a profit-taking move instead of a large order flow
- Price is at a key H4 sellers area
- The recent buyers have been tested and are not able to make higher highs
- Price has penetrated above the H4 sellers area and taken out some breakout buyer’s buy stops, and the sellers have reacted strongly, suggesting clear defense of that area. This gives us the entry trigger.
Entry Price – Sell 1.2985
Stop Loss – 1.3015
Take Profit – 1.2953
Risk to Reward – 1:07
Profit & Loss Per Standard Lot = -$200/ +$212
Profit & Loss Per Micro Lot = -$20.0/ +$21.2
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