Reasoning

5 min ORB break out trade here. Switched to the 1-minute timeframe. The first breakout lacked a retest and failed to follow through. I waited for price to return to range and looked for another breakout with a proper retest. On the third attempt, price rejected strongly at the 50 EMA. Market structure formed a double top, signaling a bearish reversal. Waited for candle to hit neckline for additional confirmation. Entered at the neckline area and placed the stop loss above the rejection candle.

AI Analysis

Strong setup with clear multi-timeframe confluence: 5m ORB context, 1m double top structure, 50 EMA rejection, and neckline confirmation. Entry at neckline is logical and stop loss above the rejection candle is structurally sound. Excellent 1:3 R:R. Primary weakness: no explicit mention of higher timeframe bias or whether this short aligns with the broader trend direction, which is important context for a 1m scalp.