for me it's difficult to apply, I don't really understand various trading terms. for me trading is an art that prioritizes instinct and experience. that's all for me very helpful
I don't see anything difficult in what OP have explained so far except if you don't know the prerequisite of what trading Forex and crypto currency is all about. Although, what OP explain is only the technical analysis of a particular market which can be over turn with any positive or negative news( fundamental analysis effect on the market). So, it is always rational for one to consider both methods of market analysis before placing a trade.