the market gave us daouble bottom & a retest as a comfirmation.......if you have a small acccount it is advised that you go on lower timaframes to look for perfect entries
the market might give us a double top before it bleeds......entry and TP will be placed according to your trading style
the market gave us double bottom we for break & retest then enter with buys
we might get a double bottom on the lower timeframe (4h) before the market gives us a long buy
The price normally broke out of resistance and will turn into support.have to consider how the price behaviour of how the price broke that level of resistance.a clear break show some strength in the market,a sign that more buyers in the market.you don't want to see yourself trading the sentiment.After price created a new high,the price retrace and retest in that...
The price will normally break out of resistence and turn into support.you have to consider the behaviour of how the price broke that level of resistence.a clear break shows some strength in the market,a sign that more buyers are in the market.you don't want to see yourself trading against the sentiment.after the price created a new high,the price retrace and...