Price has broke the correction channel showing us on buying power. Price currently retest the area where it first broke. This is an area where we want to see the price making its first LH structure or not. Since current price movement is still bearish, we want to see the price to break the trendline before consider to take a Long position
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (intraday chart)
Step 2:
Waiting for HH & LH structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the trendline
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (intraday chart)
Step 2:
Waiting for HH & LH structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the trendline