As a day trader, I always want to see price break all structures created by the bulls unto the lowest low of the bullish trend in the H4 and then I will consider if to look for shorts. How do you define if a new trend has began?
I have seen a lot of traders designing their chart with so much lines even at the lowest time frame all in the name of support and resistance. It’s quite funny but really not so. For me I only look for key zones or I call it strong zones. When plotting my S&R, I k my look for those zones that pushes market high to about 50pips and above as support or deep as...