On the chart I marked the recent fakeouts which, as you see, can be great bullish entry opportunities.
BUT of course you dont want to buy on the way down. So the strategy is that when we break support level you place buy order (a little bit above) of that support level we just broke and stop loss bellow the recent low (the low we just made).
I hope I explain it well and you will try it out...(I would appreciate some likes :)
BUT of course you dont want to buy on the way down. So the strategy is that when we break support level you place buy order (a little bit above) of that support level we just broke and stop loss bellow the recent low (the low we just made).
I hope I explain it well and you will try it out...(I would appreciate some likes :)