We broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle.
Confirmations in this trade: Fib Retracement leveles 78.6% - 88.6% (Red area) Institutional move / candle Mitigation 50% of entire push up prior to the drop. (POI) Higher time-frame structure Break of structure in 1H Risk to Reward over 1:3
Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
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