katlehosekhoto

katlehosekhoto

(Short) We have a double top right after a breakout on 30m, this means we have a possibility of going short, however we are at a zone that has been previously respected. so maybe we wait to break that zone and then we go short till our previous low, let's say 1645.11. (Long) If the market respects the zone and confirms with a bearish candle, we may go long to the...

katlehosekhoto

These are my learning steps. In an overall downward trend, there has been a change of structure within it. A significant zone has been broken and the market is retesting the breakout. on 30min we have a bullish engulfing candle stick. The next position of significance is at the previous resistance, which might break based on the previous impulsive break out.