QuoteDislikedShort
Wait till the next candle (confirmation candle) has fully formed and is a bear candle. Then, a good entry point would be when the 1st or 2nd candle following the confirmation candle moves 5 pips lower. Also, at this entry point ONE of the following criteria should be met:
- ADX line (Yellow line) above 40.
- -DI line (Red dotted) crosses above +DI line (Green dotted) & ADX line (Yellow line) curving upwards at entry.
In the above:
5 pips lower than the OB or 5 pips lower than the confirmation candle?