So After Getting our butts kicked with all these patterns this week, we have a Structure opportunity we can take advantage of. This is a very simple trade and one of my favorite structure set ups because it allows me to be aggressive with limited risk. We broke a level of support we are coming back up to re-test, from what we understand in the markets, previous support becomes resistance, we have a place for stops, we have targets. You can definitely wait for a formation to help confirm the trade, but when I have set ups like this with good RR, I can afford to enter more aggressively.
If you have any questions, feel free to comment below