We can see a recovery from the drop and violation of down trending lines. It looks like the bulls are back in control, and we will look for buy opportunities on retracements. On higher time frames it might be a different story, however for the purposes of this post we only focus on the 1 hour time frame and the price action taking place.

Always consider what the price can do, take the trade with the highest probability, calculate your trade to see if the RRR is worth it, and then execute the trade with trust and confidence.

This is not a buy or sell signal and for educational purposes only. It is our opinion and directed at the students of our online trading course.