Entries on retracements is a very popular concept. Doing so you not only get good entries at good prices, but also your stop losses are smaller aswell.
Now i’m not going to say that taking entries on every opportunity as price retraces is a good idea, but what I will stress upon upon is that technically and via market structure it SHOULD make sense.
In this example, you can see that candles were forming smaller as price was approaching 2326. The candle which closed with a small body, indicated that volume may be slowing down alittle bit. As that happens, normally we get a retracement after which price starts to move bearish.
However in this scenario, the next candle closed bullish with a bigger body indicating that there still is bullish volume for price to continue.
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