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Short Setup After Confirmed Downtrend
We're still in an uptrend though if price starts to make a move to the downside this is a potential setup to short.
We need to see price come below the 30m LG and the previous lower high before thinking of shorting, the LH will act as support so it needs to be broken first, once broken you can short till the next LL origin candle.
If the 30m LG proves to act as support, wait for it to make a break above the current range, above the red line, long the retrace.
We need to see price come below the 30m LG and the previous lower high before thinking of shorting, the LH will act as support so it needs to be broken first, once broken you can short till the next LL origin candle.
If the 30m LG proves to act as support, wait for it to make a break above the current range, above the red line, long the retrace.
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