D1 A shooting star was printed, which was also the flush of several days high. Each time there was a shooting star there would be a subsequent downmove. I am looking to join in this down momentum. h1 Sell limit triggered, with SL above. the shooting star.
updated 290515 -70 pips
Tines like this are murphy’s law in action. The shooting star had been taken out by a bullish day. However the very next week became a bearish day expansion, creating a bearish engulfing day. I would grade this as the more powerful indication of a resistance.
On hindsight, I could argue that the shooting star was flattish, or that there was was no resistance level to short from. I will take this in mind and review my SOP .