Following the bullish run at opening bell (9:30 am EST), I noticed that price found resistance around 2p.m ( upper box). At that point, I waited for a bearish candle to print out which also went through the support zone (lower box). That indicated a SELL opportunity for me and looking to hold my short position until price recover at least 50% of the bullish run from the previous New York Session.
Trade chiuso: obiettivo raggiunto:
Price did go down and retrace the New York bullish run. So I exited my trade once price made a double bottom candle structure. Profits secured!