A: W chart pattern for a bullish bias B: break and retest for bearish bias
Trading The Range 1. Market did a fakeout and closed in the range on the 30M chart. 2. On the 15M minor resistance was formed 3. sells were taken on the low of the previous candle and SL at the top of the candle to manage risk. 4. SL moved to BE at 10pips, closed 1 trade and left a runner.
1.wateched the market create minor support with no indications of sellers 2. took buys at the close of the candle 3. SL at the bottom of the candle 5. TP at the previous resistance Risk management: 1.Close one trade at 10 pips and leave a runner. 2.Move SL to 50% and leave runner.
Trading The Range 1. Market closed in the range on the 15M chart. 2. On the 15M minor support was formed 3.Buys were taken on the high of the previous candle and SL at the bottom of the candle to manage risk. 4. SL moved to BE at 10pips, closed 1 trade and left a runner.
after reaching a strong support, BTC has bounced off the support for a bullish longterm trend (possibly for a week) with the indication using stochastic and alongside using the confirmation checklist and once it has made a strong pattern above the downward trend line. (please correct me if I got anything wrong) learning from mistakes is the key to success!
15M TF SL was moved to break even when the high of the previous candle was broken.
Risk is managed very well. Sl@6pips TP@+17 Waiting for a break out+ retest with a bearish candle for entry at bottom of the wick.