TradingView
Mokgethoa_MK
May 4, 2022 6:02 PM

Basic sell setup of high and low 

Euro Fx/U.S. DollarFXCM

Description

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 level it broke (support),this is where we wait for the market to touch our previous resistance and enter with sells


If you found this information useful please like and leave a comment
More