As you can see the market was trending down, the breakout of the bearish trend line and the resistance level indicated a trend reversal.
in this case you either enter after the breakout of the resistance level or you wait for a pullback to this level that becomes support .
don't enter immediately after the pullback, you should wait for a clear bullish price action signal such as a pin bar , an engulfing bar , a Doji........
Let me know what do you about this setup and follow me for more analysis
in this case you either enter after the breakout of the resistance level or you wait for a pullback to this level that becomes support .
don't enter immediately after the pullback, you should wait for a clear bullish price action signal such as a pin bar , an engulfing bar , a Doji........
Let me know what do you about this setup and follow me for more analysis