very simple set up / using price action
i started at the 8hr time frame and saw a clear past level of resistance and support
i than went down to the 4hr time frame where i use the same levels to see if price action was still giving off bearish candlestick pattens
i enter this trade around 5am london session
noticing how price has been in a ranging market i set my tp at the past level of support with taking partial profit on the way down as well
emotional control-
i have been in this same set up many times before, where i have seen a ranging market and simply trust in the strong past levels of support and resistance. going into this trade i was already very confident i was going to win this trade. i always follow my process and not my emotion.
i than went down to the 4hr time frame where i use the same levels to see if price action was still giving off bearish candlestick pattens
i enter this trade around 5am london session
noticing how price has been in a ranging market i set my tp at the past level of support with taking partial profit on the way down as well
emotional control-
i have been in this same set up many times before, where i have seen a ranging market and simply trust in the strong past levels of support and resistance. going into this trade i was already very confident i was going to win this trade. i always follow my process and not my emotion.
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