#replay 8 - Two Breaks at Swing Low

Updated

Two breaks happened at range low. We'll see how it goes. If it went high, we look for the retest of breaker. If it went down, we'll wait until next chance.

Note

Now let's see how the breaker work. The break here also combines small demand zone. But the formation of supply zone (the previous state of the breaker) is not pretty good. We'll see.

Note

OK the process is too dramatic. lol. I'll check more bars later.

Note

Review:
1) The first thing is that I can set the nearest supply as my tp1.

Note

2) Secondly, the struggling area is not quite good for the supply zone, or the breaker later formed, to be valid. I'm not pretty sure about this. We'll do more replays about the validity of breaker formation.

Trade closed: stop reached

Thread closed. //

p3nchan

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.