Excepting:
- Market current trying to break above previous breaout nake line
- Wait for price to retest previous highest
- It might created a fake breakout
- H4 or Daily form a double top
What to look for:
- A spike on one or two candle wike above the higher zone then come back in to the zone.
- Wait for a retest to the top zone when price unable to close above the zone again then will entry short.
- Market current trying to break above previous breaout nake line
- Wait for price to retest previous highest
- It might created a fake breakout
- H4 or Daily form a double top
What to look for:
- A spike on one or two candle wike above the higher zone then come back in to the zone.
- Wait for a retest to the top zone when price unable to close above the zone again then will entry short.
Trade closed: target reached:
Home run!