Just wait til it comes into the two red lines then ... wait for a bearish confirmation on the 15 or 60 mins time frames good luck traders
look at the chart for details look for confirmation on the one hour
details are in the chart keep your stop tight because it is a decent uptrend after all wait for a bearish set up on the 1 hour for your best entry
the chart shows it all manage your risk reward buy as low as you can ...perhaps two trades if you get in too early
an empty chart i could add some tools to it but it is such a lovely chart with so many great technicals on it to looking for a sell but not yet
It tells you on the chart what to do WAIT TILL PRICE COMES INTO THOSE AREAS good luck traders
Dont forget double tops and double bottoms Dont forget candle patterns Dont forget to look on to several time frames Dont forget trade management Good luck traders
Are you doing this trade it s so bloody obvious The triggers are easy The direction is binary minus one And the take profit and risk to reward is awesome You even know when its going to happen so its a trade where you know 1/DIRECTION 2/ TRADE TIME WINDOW 3/ TAKE PROFIT ZONE 4/ RISK TO REWARD AND XERO RISK OPTIONS WHATS NOT TO LOVE
you could also add in some fib research on the swing highs and swing lows then move those studies into later this week to identify where you will see some repetition try to always look for either two options or a trading zone in which you want to trade Understanding support and resistance , spending hours learning it and then double that time refining it ,...
This is lovely PA it cant decide yet ...it s rotating round the blue line trade the edge for the best return ...or wait for the break and trade the retest
are the bulls still there or are they waiting in the wings for a better entry lower down is the intention to go higher to the next structure zone watch it later this week ....lets see what happens
three areas i am watching for bullish activity so what does that mean and what will help my buy now argument a double bottom a higher low a bullish engulfing rejection of a pivot area and the time frames i will be looking for this to happen ...the 15 and the 60 good luck traders will post on this chart in comments when the trigger occurs ...if you...
do you get it are you drawing lines yet why not ?
if your not share with me what you are doing is it working how are you trading ..seeing opportunities
interesting level soon a sell level but watch it on the the 1 or 2 hour ...look for a bearish pattern
so does that make sense build a trade idea then wait if you would like chart two that follows this chart showing you how it works let me know with a like or a comment or look at six pairs and map it out yourself try it on indices add it to your repertoire if it suits your style of trading
but dont just look look for specific things chart patterns candle patterns divergence overbought or sold BUILD A PICTURE
chart is fairly self explanatory see what happens sellers at the double top or buyers still strong