Good day fellow traders and enthusiasts! This is third analysis and first position open. Please keep in mind that first position i've opened is HALF RISK of usual positions because there is not enough confirmation that pullback is phased out yet, which makes it aggressive entry.
So let's recall from previous posts what exactly we were looking for in price action to open first position.
Nr.1: For price to fail making higher high . ✅
Nr.2: Break of previous low.✅
Nr.3: Formed new lover high.✅
This provides us with enough confirmation to open first Position with half risk. If price continues to drop down and forms lower high, i will start looking to open second SHORT position.
So let's recall from previous posts what exactly we were looking for in price action to open first position.
Nr.1: For price to fail making higher high . ✅
Nr.2: Break of previous low.✅
Nr.3: Formed new lover high.✅
This provides us with enough confirmation to open first Position with half risk. If price continues to drop down and forms lower high, i will start looking to open second SHORT position.