We have double top forming on intraday chart signaling us with bearish move. We need to confirm it is true reversal when the price break below the trendline and forming a HL & LL structure
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (intraday chart)
Step 2:
Waiting for HL & LL structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
* We may consider the price may retest the next level
Using simple entry technique
Step 1:
Waiting for the price to break the correction trendline (intraday chart)
Step 2:
Waiting for HL & LL structure (best to look for price to pullback after breakout happen)
Step 3:
Entry point after 2 items above has fully satisfied with SL above the highest candle. Use any indicator that suits you
* We may consider the price may retest the next level