Here is my setup explanation. Let's get started.
When the price reached a key level and I made a clear corrective pattern, I decided to set pending orders above the resistance area. The goal is to enter the market at the actual breakout of this structure and to avoid potential phantom purchases. Of course, we will never know when we are in front of a hack or a fake. However, we can maximize our chances by giving enough room for the price.
When the price reached a key level and I made a clear corrective pattern, I decided to set pending orders above the resistance area. The goal is to enter the market at the actual breakout of this structure and to avoid potential phantom purchases. Of course, we will never know when we are in front of a hack or a fake. However, we can maximize our chances by giving enough room for the price.