Basic Support Key level possible entry. TP1 to secure some profits. TAYOR
After this correction on 15min/1hr TF in EWC. possible breakdown to the next key level of support. TAYOR
Practicing Elliot Correction Wave for this pull back for shorting. If you don't know how to find the pullback/retest, you can use fibb retracement bouncing on 0.5-0.618 level.
3 set up for short position and 1 long position for swing trade. layer by layer but you do the TA. Most important you plot your Key Level and Identify your market structure. Manage your risk Trading Management TAYOR
If this 4HR candle close below the previous swing support this will create a bearish trend waiting to create a pullback on our key level of resistance. Probably a 1:10 RRR
probably a Cup and Handle Pattern Wait retrace to our key level of support No other analysis for SWING Trades
Nakalimutan ko na iTA ito. Possible movement of ANC. need retest on our key level of support. wait to create divergence on lower tf (1hr) candlestick reading is a must. weakening of the trend
After hitting my 1:13RRR, wait to re-enter a buy/long again on our key level of support. Consider: Divergence Key Level 0.618 Level 3 Important Candlestick
Seeing a changing behavior of a downward trend respecting our trendline support. break of structure and waiting to retest our key level of support. (grey box) SL - it depends on the lower structure of the trend. TP 1 - first resistance level get some profits TP 2 - resistance key level
Parallel Channel Pattern. Waiting to react on our Resistance Key Level.
Resistance Key Level Breakout resistance (orange line) and possible retest on 41.7k, respecting our trendline support to continue the bullish sentiment. Short if breaks ________? Long after the ________? Comment down your thoughts and answer the above question. hehe
Daily TF seeing a Double Top and Confirmed Bearish Engulfing Candle on previous candle. So my BIAS here, a big role of a key level on 39kish, it could be forming a Higher High for continuation of bullish sentiment. or Breaking the key level of support and returning 35kish Major Support level.
As of now, No clear structure. Possible movement but not 100% just wait for clear BIAS, structure and behavior of the candles. Choose your Quality Trades rather than too many trades but not profit every trades it will exhaust you in the market. WAITING can make you avoid the IPIT and Big gains are made in the waiting. Example of waiting, remember those days...
As you've seen in the chart. Both are on the Resistance Level. So the key here is to plot fibb retracement from high to low. The first trend on the resistance level are seen the trend creating a 2 bullish candles before touches our 618 level. And the second trend on the resistance level different before you'll never see the retracement when you stick to 1hr TF....
Wait to retrace on our bounce area, breaking our support level on 15mins TF. and a possible changing direction.
I tried this recorded live trading so that you can see how I interpret the market and how I reacted on every candles and trend forming. Possible a 1:44 Risk Reward Ratio This kind of set up is not 100%, maybe we hit SL or TP but we're in the probability game. Comment down your thoughts on my trade? Will post the updated SL or TP Hit after the trade...
Identifying Key Level Market Behavior Candle Reading Evidence and Confirmation Agree Scalping 1min Time Frame. Put 1:4 Risk Reward Ratio Profit!
In this chart you will how if you are a profitable trader or not based on your Winning rate and how to manage your RRR. Risk and Reward Ratio (RRR) falls under the umbrella of Risk Management. To trade the financial markets, a portion of your funds will be at risk. What risk management does, is ensure you only take the right risks to help you achieve your goals....