I just started to back test my trading plan but still unsure if this would be a good analysis of the chart and whether it was a good place to put my stop loss and take profit if anyone has any recomendations or any feedback i would reallyappreciate it
thank you very much.
i saw that it was a down trend so i marked it with a trendline and also it was rejecting my support so i looked for a break out and a confirmation, my EMA crossed the red which was ma first confirmation of a continuation and den i waited for any bullish candlesticks and noticed a high amount of red candlesticks and the noticed that there was a hammer and a doji so i decided to 'place the trade' right after those candles and pulledmy take profit to my oter support and kept my stop loss afew pips the support it broke.
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