Consider a long
Reasons for this trade
Trend: market structure has been formed (higher high highe low)
Level: this level went through 1 swing high and 1 swing low, trend line (nice level for an order)
Signal: bullish engulfing candle
Consider a long after a price action signal to confirm the entry
Reasons:
- The support zone has been broken, waiting for a retracement
- The market structure has been form (higher high and higher low)
Consider a short
Reasons for this trade:
- Trend: bearish
- Level: this level is a combination of the resistance through 1 bottom and 1 important top, trendline, and fibo 618, great level for this order
- Signal: a inside bar with the mother bar is a doji candle and inside bar is a bearist long tail candle.