Setup: There is huge rejection off the POC in the 1h timeframe signified by the large volume candle. This looks real bearish for Perp. Furthermore, Perp is also on a long term downtrend, adding confluence to the trade. For extra confirmation, we will like to see it consolidate before breaking down.
Entry: Breakdown trade( 1 ATR below the weekly lows) at 1.02
Exit: Trail using the SAR indicator
Entry: Breakdown trade( 1 ATR below the weekly lows) at 1.02
Exit: Trail using the SAR indicator
Commentaire:
Entered trade at 1.047 with trailing SL set using SAR at 1.19