• PDL sweep, SMT with ES — we’re primed for a reversal here. Now, the trade setup is clearly there but let’s look at everything carefully. If you ended up entering off of that first FVG setting your SL tight, you’d get taken out on your SL. This is why it’s important to understand where to set your stop loss. So, our stop loss should be always at a point that would invalidate our trade idea. In today’s case, yes this would be a win if that’s how you structured your trade, but let’s say if you moved your SL into profit to go breakeven, you’d end up zero on the day here, as price decided to push us slightly lower again before going for AH.

• Another idea would be also at market open — short targeting PDL as that’s the current low hanging fruit.
• Entry isn’t really clear here, but as you can see we respect 0.5 fib of this push down lower move, we could low risk entry into this move target PDL as that’s our general HTF bias.