Previous strategy worked fine and we closed the trade with profit, now we have another strategy for steep markets. it's more simple but it again uses hagopian's rule as the main idea of it
when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C point, then if the fork failed and the hagopian's line is broken, you can trade to pivot C and even A if you can manage your position.
here we still wating for the break of the hagopian's line which is the sloped green line, it's a scalping trade so make sure your stop is tight and below a valid market structure, we mostly likley want to enter on a pullback to hagopian's line and not just breakout since the timeframe bares a lot of false breakouts (like one we saw in the last analysis).
The pink line is a key swing high and a flipped resistant zone ( which is support now ) which if breaks we can expect the price to fall even more.
i'll keep you posted, ask me any question you have or any pair you wish me to look at
thanks for your attention
when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C point, then if the fork failed and the hagopian's line is broken, you can trade to pivot C and even A if you can manage your position.
here we still wating for the break of the hagopian's line which is the sloped green line, it's a scalping trade so make sure your stop is tight and below a valid market structure, we mostly likley want to enter on a pullback to hagopian's line and not just breakout since the timeframe bares a lot of false breakouts (like one we saw in the last analysis).
The pink line is a key swing high and a flipped resistant zone ( which is support now ) which if breaks we can expect the price to fall even more.
i'll keep you posted, ask me any question you have or any pair you wish me to look at
thanks for your attention
Trade closed: target reached:
Our first target is reached
Trade closed: target reached:
Our last target is reached too, Good luck
