Bearish confluence:
- Downtrend
- Market decelerating and rejecting 84.5
- Two high-test candles
Entry: Sell-limit at 84.0
Stop: Safe stop above previous high at 84.7
Take-profit: Previous low at 82.0
When market is in downtrend, look for pullbacks to previous support-levels and wait for confirmation signals for entry.
- Downtrend
- Market decelerating and rejecting 84.5
- Two high-test candles
Entry: Sell-limit at 84.0
Stop: Safe stop above previous high at 84.7
Take-profit: Previous low at 82.0
When market is in downtrend, look for pullbacks to previous support-levels and wait for confirmation signals for entry.