Reasons for taking this trade:
1. Price has recently broken structure (resistance) and pulled back to retest this structure as support, indicating tat there might be a slight shift in the trend of this market.
2. It shot higher and has now pulled back again to validate a new higher low which indicates/confirms my bias.
Happy trading, keep it simple!
1. Price has recently broken structure (resistance) and pulled back to retest this structure as support, indicating tat there might be a slight shift in the trend of this market.
2. It shot higher and has now pulled back again to validate a new higher low which indicates/confirms my bias.
Happy trading, keep it simple!