Same Process The MAEST Formula #1 MARKET STRUCTURE ( Distribution Stage on 4H-TF ) #2 AREA OF VALUE ( Price is at previous support, turned resistance level ) #3 ENTRY TRIGGER ( Chart pattern + bearish engulfing 4H candle close ) #4 STOP LOSS ( you could set your SL 25pips above previous highs or 1 ATR above previous highs ) #5 TAKE PROFIT ( Have a target 🎯Profits at the nearest swing lows )
Also I can see some good confluences like price at a strong level of resistance + trendline break + a head and shoulder chaet pattern. So the only thing I will be waiting for is, if price can close below 14.137 level and sustain below it then I'm all convinced to go SHORT. Entry, Stops and Target as shown.