Yesterday, I saw a nice buy opportunity but unfortunately it was the USD and JPY bank holidays. I entered the trade regardless and my SL was hit I recorded it in my journal. Today banks are working and there's another nice buy opportunity on the pair again. The daily high was has been broken by the 4 hour candle and confirmation for buy was established when the 1...
I entered this trade because on the daily timeframe, it made it high and low. I then moved to the 4 hour tf for a for a candle to break either above or below to be sure of the direction it's going. The 4 hour candle broke above the daily high(resistance) indicating a possible buy trade. All that's missing is a confirmation to enter the trade and that happened when...
I first started by locating the previous highs and lows and made them my Daily support and resistance level. I then waited for the 4 hour candle break and close either below or above the daily Snr. The 4hr candle did break and closed below my daily support which indicates for a sell so I waited for the 1 hour candle to break and close below "the 4 hour candle "...
Due to the trend it's moving, there's a possibility of downwards trend to 1.60134