My Thoughts...
This is just a follow up...
Since we made a new LL. I have this two scenarios...
1) The pair has a possible for retesting the previous LL (on the daily time frame)
And continue with the bearish trend...
2) The pair could start By Changing the structure and buying or moving with a bullish trend. The pair will confirm with taking out the LH (on the daily time) that will be my confirmation that the bearish structure is finished bulls are in control
Let wait for confirmation for both scenarios before placing the trade so let's wait and see
Use proper risk management
Let's do the most!!!
Since we made a new LL. I have this two scenarios...
1) The pair has a possible for retesting the previous LL (on the daily time frame)
And continue with the bearish trend...
2) The pair could start By Changing the structure and buying or moving with a bullish trend. The pair will confirm with taking out the LH (on the daily time) that will be my confirmation that the bearish structure is finished bulls are in control
Let wait for confirmation for both scenarios before placing the trade so let's wait and see
Use proper risk management
Let's do the most!!!
Related publications
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.