Possible short.
Now, there is no one strategy that is the "holy grail of strategies". However, with certain practices you have a higher rate of profitability.
This chart for me personally i'll be trading on a retest and fail should it follow though with failing at key levels, or previous lower high level.
NB, I purposely didn't put in risk to reward ratios or targets. But you should get the idea.
- 1. Notice the trend "down trend, in this case"
2. Identify key area/areas.
3. Define target/s and stop area.
4. Wait for confirmations of your biases.
This chart for me personally i'll be trading on a retest and fail should it follow though with failing at key levels, or previous lower high level.
NB, I purposely didn't put in risk to reward ratios or targets. But you should get the idea.
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