This strategy tends to work better on a macro (4h-D) downtrend, which we are currently in
Looking for this the TL to break just like the previous two had before it.
Don't get eager and enter right after a break, could be a fake out and bounce on TL.
Wait for a clear candle or two to confirm break of TL, then enter on the retest. Can be a pretty tight SL just above the TL
The future tends to mimic the past
Good luck friends
Looking for this the TL to break just like the previous two had before it.
Don't get eager and enter right after a break, could be a fake out and bounce on TL.
Wait for a clear candle or two to confirm break of TL, then enter on the retest. Can be a pretty tight SL just above the TL
The future tends to mimic the past
Good luck friends
Bad illustration on my part with the blue circle