1D Chart: *The daily chart is in a seller trend *Price had recently broken and breached significant structure level on daily timeframe *Price is coming to re-test the significant level
4H Chart: *This chart is displaying more of the specifics of the pullback occuring *Watch this chart to see seller interest/strength come back in on re-test (if it does) *Use this to implement a good risk/reward trading ratio
Always make sure to have a trading plan and stay discipline to follow it. Never risk more than 2% of your trading capital and always make sure to implement a good risk/reward trading ratio.