The daily chart has room left to fall a bit further down, and the 4H chart is all bearish.
In addition to this, a head and shoulder pattern has formed. He is rather handsome.
I have boxed in the current stagnation, and I want to see a break and a re-test before entering.
In addition to this, a head and shoulder pattern has formed. He is rather handsome.
I have boxed in the current stagnation, and I want to see a break and a re-test before entering.
Order cancelled:
The trigger never happened.
But there are some lessons to be learned here!
1) We can see the value of the "setup - trigger" method way of trading.
Since the beginning of my idea-spree, the method has saved me from two losses.
2) There was once again a re-test of the drawn support-resistence box.
You usually dont need to rush in after breakout.
But there are some lessons to be learned here!
1) We can see the value of the "setup - trigger" method way of trading.
Since the beginning of my idea-spree, the method has saved me from two losses.
2) There was once again a re-test of the drawn support-resistence box.
You usually dont need to rush in after breakout.
If there is a new range forming, I will move the box and entry upwards.
But it is to early to tell.