Short setups - analysis of an aggressive entry and conservative
Daily and H4 showing clear signs of bearishness
Price action on hourly and lower timeframes also bearish, BUT finding support.
Aggressive entry would be shorting at market (at time for recording) with a stoploss that at the most clears the lower high on the H4.
Conservative entry is waiting for support to break which is clearest on the lower timeframes (h1, 15min). Waiting for a break and then pull back is how to trade that, with a stoploss again above the H4 lower high.
Price action on hourly and lower timeframes also bearish, BUT finding support.
Aggressive entry would be shorting at market (at time for recording) with a stoploss that at the most clears the lower high on the H4.
Conservative entry is waiting for support to break which is clearest on the lower timeframes (h1, 15min). Waiting for a break and then pull back is how to trade that, with a stoploss again above the H4 lower high.
