India looks like it is late in relative to the outer world (usa) so a short in the trend isnt that bad I GUESS
We are in a downtrade, traders are trapped - now using the new york open volatility to entry and place stop on the trend.
I changed the plan of my last trade (look at my last post) because of the 3 suspiscious wicks on the daily chart, because of the trend in the recent day (15m chart) many traders are trapped there and cant get out of there position i think the target of capitulation isnt reached yet, i am seeing that capitulation is about those highs. thanks.
first take profit and second take profit are both 50%.
We are about to hit the 50% level of the consolidation while the downfall, in many times this is a good entry
Entry about equal highs, tp under equal lows, gave the stop a bit space to breath, didnt place it exactly about the high
Stops about the equal Highs and 50% of the consolidation convince me that this trade is useful. 15 minute timeframe has to be blessed.
Explanation: My Candle Recognition and the Price Action say this trade is good😎
Opened FTTPERP Long based off of price action and candle recognition.
circa 50% of the downfall and stops about equal highs are good for an entry 👍 CELPERP
Price action & Candle recognition usd cad short based off of Price action
Stops are under our recent last 2 Swings and under the 2017 ATL, looking to get in about equal highs
Price action & Candle Recognition Trade Matic perp ftx
The trade is based off of candle recognition / price action
This Idea is based off of price action and pattern recognition
SHort idea based off of candle recognition. HTF TRADE
if you spend some time in the charts you will see this makes sense