Drew out an incomplete head & shoulders pattern. 2. Waited for price to come back to this area to finish the pattern. 3. Entered on signs of rejection / Stops above the Head 4. Targeted a simple 1:2. TP HIT!
1. Drew out an incomplete head & shoulders pattern. 2. Waited for price to come back to this area to finish the pattern. 3. Entered on signs of rejection / Stops above the Head 4. Targeted a simple 1:2. TP HIT!
Wait for a break of two key levels before entering on a reversal. this is also how an order block forms in live action.
waiting for a break of structure & trendline to either side. lets see what story the market wants to tell
this is a quick sketch of how I enter the market using trendlines
Signature Entry 2 Signature Entry 2 Signature Entry 2 Signature Entry 2 Signature Entry 2
Signature Entry Signature Entry Signature Entry Signature Entry Signature Entry Signature Entry Signature Entry
Major DT + Minor UT Reversal EURJPY in major downtrend. I stalked an uptrend within the major downtrend and waited for a break to enter the sell
Major DT + Minor UT Reversal XAGUSD in major downtrend Stalked and uptrend within the major downtrend and entered a sell to match the major trend
ETHUSD in a major uptrend. I stalked a downtrend within the major uptrend and waited for my confirmations. 1. BOS 2. BOTL 3. REVERSAL SIGNS
EURZAR is in major downtrend. I stalked an uptrend and waited for my confirmations. CONFIRMATIONS: 1. BOS 2. BOTL 3. REVERSAL PATTERNS/SIGNS
EURJPY is in major downtrend. I stalked an uptrend within the major downtrend and waited for ... 1. BREAK OF STRUCTURE 2. SIGNS OF REVERSAL 3. BREAK OF TRENDLINE
Major DT + UT Reversal BTCUSD in a major downtrend. I stalked an uptrend within a major downtrend and waited for the break to confirm overall downtrend structure.
1. Look for a HTF Trend. In this case it is an uptrend. 2. Scale down to lower time frame and look for the opposite trend of the higher time frame trend. In this case we look for down trends. 3. wait for the break of the LTF trend to enter. You can also wait for the structure to be broken. 4. Targets are the end of the trend. Stop loss should be before the last swing
Trend Reversal Sign #2 - Lower Highs / Higher Lows