BTCUSD M15 short scalp

16 oct. 2018

H4 looking like a bear running flat (not confirmed), H1 we had TL break and price come right back down under TL, this is a good indication of flat on higher TF

M15 looks like we are getting expanding flat for more downside, wait for TL break and flag on lower TF to confirm more downside

16 oct. 2018

Note

Getting Tl break, Wait for flag on lower TF before selling, update on 100fib

16 oct. 2018

Note

Looks like we might be getting nice flag, I don't want to see price go above broken TL. be patient and wait for confirmation

16 oct. 2018

Note

Got the flag, bounced off 100fib, wait for break

16 oct. 2018

Note

We got flag TL break and price went straight back above it taking out the conservative stops, now were getting a structure with expanding flat in wave B making things more difficult because we don't know where C will end. When this happens it's usually only a corrective ABC down reducing our TP

16 oct. 2018

Note

BE trade