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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.