60% Chance for a downside movement
This is a multi confluence trade setup. All confluences are listed below.
H4/H2
Strong Downtrend
Price below Trendline
H1
62% chances for a BoS by the downside
M30
ChoCh
Bos
Flipping box
59% chances for a BoS
Trade
Entry on the flipping box
Stoploss above the Flipping box
Take Profit 1 at the last low
Final Target at the Previous Week Low (PWL)
H4/H2
Strong Downtrend
Price below Trendline
H1
62% chances for a BoS by the downside
M30
ChoCh
Bos
Flipping box
59% chances for a BoS
Trade
Entry on the flipping box
Stoploss above the Flipping box
Take Profit 1 at the last low
Final Target at the Previous Week Low (PWL)
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