I'm new to analysing graphs,so any feedback on my analysis would be helpful.
I see liquidity happening,first hitting on 11th Dec 2020 then a reversal occuring,20th Dec 2021 hitting again leading to another reversal occurring,7th March breaking through the support (where there would be alot of buyers) to take out the buyers on the support line.(sniper entry would be at the callout arrow)
I had a buystop order at 1.31400 to see if a couple of bullish candles would trigger it which confirm my analysis and increase my confidence to buy at a lower low next time if this pattern occurs again.
I see liquidity happening,first hitting on 11th Dec 2020 then a reversal occuring,20th Dec 2021 hitting again leading to another reversal occurring,7th March breaking through the support (where there would be alot of buyers) to take out the buyers on the support line.(sniper entry would be at the callout arrow)
I had a buystop order at 1.31400 to see if a couple of bullish candles would trigger it which confirm my analysis and increase my confidence to buy at a lower low next time if this pattern occurs again.