Long

#2 - Price Action 4H - 1H - 30M

Updated

4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

Note

4H is uptrend

Note

1H: Price is break-out and re-test the key level

Note

30m: waiting for a good entry to buy

Note

Open 15m chart for a deep look into the price action

Note

15m chart: Waiting for a perfect entry when the price break-out and re-test this area,

Note

15m chart
Price break-out, waiting for retest

Note

Patience is a key

Note

Wait for retest

Note

Open chart 5m for more detail

Trade active

A perfect entry

Trade closed: stop reached

I absolutely can win this long. But I lost it because of my mistake for the entry. I must wait for some more clear signal to cofirm. In this case, my entry is not good enough for the retest. After my entry, it sets up a double bottom. It should be a better entry.

Lit7leBoy

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#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

by Lit7leBoy

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