confluence based on:
market structure
fib zones
Support zones
Candlestick pattern (awaiting buyers in the market)
Once confluence is seen on H4 will go to lower timeframes (30/5 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
lot sizes dependant on area of retracement, the lower the price reversal zone the higher the lot size.
market structure
fib zones
Support zones
Candlestick pattern (awaiting buyers in the market)
Once confluence is seen on H4 will go to lower timeframes (30/5 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
lot sizes dependant on area of retracement, the lower the price reversal zone the higher the lot size.