HR 4 - Trading the pullback SHORT w/ bias for 230+ pips TP1...

Previous setup didn't gave us any confirmation to short/sell the market as price was in a potential reversal zone (PRZ) to short/sell hence giving us already an invalid setup. Will this setup give us an opportunity to short/see now? We will see, ill be watching closely on the lower TF to short on this one. A confirmation could be a candle LLLC on this TF or higher a CRT and any reversal setup and market structure broken on the LTF. Price hitting a 161.8% of AB leg fibo extension while we also have an authentic bat pattern as completion is inside our 161.8 - 261.8 CB leg fibo extension. As you could see in our analysis TP 1 38.2% is hitting our previous pattern's B point. Trade with care and at your own risk.

Kommentera:

Target 1 taken for 230+ pips if taken the setup.