After breaking the weekly highs on the 1h time frame, we have been pulling back into previous structure resistance.
Giving us is a signal to look for long opportunities.
If we can hold this level, we can use price action to search for a good reason to buy this market.
This could come in the form any type of technical candle formation, like a doji candle followed by a HHHC or a double bottom for example.
As of now we do not know and have to watch what price action is doing.
Giving us is a signal to look for long opportunities.
If we can hold this level, we can use price action to search for a good reason to buy this market.
This could come in the form any type of technical candle formation, like a doji candle followed by a HHHC or a double bottom for example.
As of now we do not know and have to watch what price action is doing.
Comment:
I ended up opening a position this morgning, however it just rammed trough my stop loss causing me to lose 82 pips. These things happen and they are part of the game. I try to control the emotions during these quick and painfull losses, however i get empowered knowing my system has been backtested and i know that over time i should make a profit.