The rule is that when the low of the first bar is taken out without taking out the high of the first (setup) bar you go short. Wednesday was one of those days when just leaning into this trade took a little .....lump in the throat so to speak.
You actually have to wait for the second bar to close before you really know if it's going to take out both the high and the low and therefore VOID the setup....
On the open of the third bar was the trigger to go short, and look how little you had to risk if you were using the high of the setup bar or a tick above...
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