Buy or Sell? Full-Body Downward Candle Breaks Range #Trading #Forex #crypto

Welcome to LinuxBit! This is Ali Oliyee, and in today’s video, we’re breaking down an easy price action setup based on a breakout below support. We’ll show you how to enter a sell trade using the second leg strategy, one of the most powerful tools in price action trading. 🔥 Buy or Sell? Full-Body Downward Candle Breaks Range – Trading the Easiest Setup 🔥 We identify the lowest price of the day, where price formed several upper shadows and attempted to break higher. Sellers quickly entered, forming a downward spike and initiating a trading range phase. Finally, a full-body downward candle breaks through the range and the lowest price of the day, giving us the perfect entry for a sell position. 📈 Target Levels for This Trade To determine our target, we use the second leg strategy. We measure the first leg (initial price move) and the second leg (extension), giving us a solid profit target once the price reaches this level. We exit the trade as the price reaches the second leg, locking in profits. Trading Strategy Breakdown This strategy uses price action to identify high-probability setups. The breakout below support, combined with a full-body candle confirming the move, provides a clear entry. The second leg strategy helps us define a strong target with minimal risk. This approach is ideal for scalpers, day traders, and anyone looking for clean price action setups with clear entry and exit points. Trading Psychology: Trading psychology is crucial when following setups like this. Patience is key—waiting for the breakout confirmation ensures you’re entering at the right time. Discipline in sticking to the plan, using your stop loss correctly, and avoiding emotional decisions will help you maximize your success. Always respect your risk management to protect your capital. ⚠️ Disclaimer This video is for educational purposes only and does not constitute financial advice. Always conduct your own research, manage your risk properly, and trade responsibly. 👇 What do you think about this setup? Would you buy or sell based on this chart? Let us know in the comments below! 👍 Like the video if it helped you! 🔔 Subscribe for more trading strategies, price action setups, and live chart breakdowns.