Brakout or Fakeout ?
Hello traders , As you can see in the related EURUSD idea I published sooner , I mentioned that IF we had a breakout of structure you can enter a long position ...
But what happened then ? when you see a candle breaks the resistance area , that dose not mean that you can enter a long position . Actually it's the first sign of a long position of course.
you should go through lower time frames to see a Weakness for sellers to enter a long position.
in the next bear candle we can clearly see no Weakness which means this was a FAKEOUT ...
But what happened then ? when you see a candle breaks the resistance area , that dose not mean that you can enter a long position . Actually it's the first sign of a long position of course.
you should go through lower time frames to see a Weakness for sellers to enter a long position.
in the next bear candle we can clearly see no Weakness which means this was a FAKEOUT ...
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