Retest of previous resistance, the market kept showing the failure to break the last lows of the market as it went up and broke the last low which in this case is the resistance line I draw now the truth is I wouldn't take this trade even though it shows high possibility of buying the only reason for is that It did not restest the way I anticipated it would thus...
Well on my second post, I did say that some of the posts I will be posting will involve other posts with trades that have already with a trade running since I'm new in the block. So with the market failing to break the last low(daily, weekly TF), it tells me that it is not ready yet to finish it consolidation or buying. Planning to enter another buy if it respects...
Failed to break last low on daily tf and 4h tf, in which my way of analyzing the markets are strong s/r level. So we waiting on the market to retest the support level or respect the last order block candle after it broke the structure or wait on it to do a double bottom. Whatever the market decides to give we take.
Hey guys, I'm kinda new in this posting thing. It just crossed my mind that why not to publish my work if I want growth as a trader, so please forgive me for posting my analysis already runing on profit. Hope I get to grow with you'll.
Well I use a different technique or approach when it comes to analyzing the market charts. Silver hasreached it previous high when looking from big Time Frames like daily and weekly TF.