Support and Resistance Continuation version 2 right there.
Let me know what you guys think of the setup. IIMO, it is still valid confirmed by FTR.
QML late retest.
Spotted compression of price towards the supply (sell) zone which is in line with King.
Note that there are both sell and buy setup. Hence, the neutral investment strategy.
You know what to do! Set you SL 20 Pips. Set SL to BE once price shoots down. Thanks to Penyu Family and Malvin.
QML and MPL are on the level at LTF m3.
QML and MPL spotted at lower time frame of m30. These 2 are strong confirmation for entry. Do note that QML (HNS) on its own is nothing but an indicator of a trend reversal. QML + MPL = Confirmation of Entry.
As you can see in the chart, SR flip along with Fakeout has been identified. Let's see how price will be played out in the coming days.
I am still new to this trading strategy. I have done my fair share in back-testing, lets do some mental trading instead. When in doubt, look to the left!
Time is your best friend. When in doubt, look to the left.