As you can see my previous entry was not valid because I did not wait for the downtrend trendline to break or previous break previous wicks highs. In addition, when it broke my resistance in the 15 min tf the next candle touched my resistance and closed above it. I should have entered at the open of the previous candle and go for 30 pips
In this back testing session I could see that the downtrend was over as soon it rejected the support (demand area) it broke the previous resistance( supply area) and created a higher low. In other words, market structure changed and we were in a uptrend. We broke the resistance many times but we never close above the resistance. However, as soon as the candle...
In this chart we can clearly see we are in a bullish uptrend. However, we took sells because ot rejected our zone of resistance. But we should have left our position when we saw that it created a new support.
