I prefer to trade the simplistic route. Therefore having a few confirmations stacked such as :
1. Price being in a new downtrend, actively making lower highs, and lower lows.
2. Price doing its last retracement, and making its way right back to a previous support now as resistance.
3. Price respecting that resistance, and forming a wick candle right at that point.
Ideally a short towards the next support for a few hundred pips would be nice!!
#Happytrading
1. Price being in a new downtrend, actively making lower highs, and lower lows.
2. Price doing its last retracement, and making its way right back to a previous support now as resistance.
3. Price respecting that resistance, and forming a wick candle right at that point.
Ideally a short towards the next support for a few hundred pips would be nice!!
#Happytrading