Shorts from the previous trades have hit their target (see related ideas)
Waiting to see how this candle plays out, but ideally we should be able to buy around here... If not and the support breaks, wait and see how price reacts at the 2nd support under it.
TP = Take profit
Here we wait within the short term structure
Stop hit, waiting to see how price reacts as it approaches the 2nd lower support
Price appears to have bounced off of 2nd support. It's Friday evening so we will see what happens when markets open on Monday... A clear break above the original support indicates that we can go ahead with the original trade... If not then it's no big deal and we abandon the idea with only minimal losses.