Entry at the second leg of the W pattern. Trying to ride it up to the middle of the trend channel.
i Personally feel higher timeframes bring bigger rewards and less confusion. I left the higher frames to try out the 3,5and 15 minute chart and I was on a damn losing streak!!! leave a comment if you prefer the higher time frames like me. let's discuss how we can avoid those huge drawdowns before profit.
Final analysis. Expecting an outbreak from the bearish channel.
screenshots showing entry and tp levels
screenshots showing entry and tp levels
Two consecutive trades taken and analyzed on different timeframes.
Each timeframe is like a lens. Go through each lens and see which one helps you read the market best. that way, you know exactly what's going in the market environment