hi guys , been a while since i posted , just been focusing with clients
well price has touched into a monthly level i was expecting price to decline from but its not that simple , we need some form of confirmation
waiting for the daily close to then give me an idea for what the rest of the week can look like - we can only trade what structure the markets give us and in the long run we will win
never trade what you think , trade the direction the markets go in regardless of fake outs which come every so often but thats usually just a correction into a HTF range which you can backtest so when u see price go from LL to HH OR HH TO LL , go to the higher timeframe to the timeframe your looking at and identify where it came to and you will stop being fakeout out
price is universal , we have the advantage to look at timeframes to look at micro and macro structure
If we close below the blue line then we have targets and we would need a close below these targets for us to target the next ones , the red lines simply suggest where price can find a problem and maybe stop it from going to the next target and you would need to pay attention to the lower timeframes in this case
well price has touched into a monthly level i was expecting price to decline from but its not that simple , we need some form of confirmation
waiting for the daily close to then give me an idea for what the rest of the week can look like - we can only trade what structure the markets give us and in the long run we will win
never trade what you think , trade the direction the markets go in regardless of fake outs which come every so often but thats usually just a correction into a HTF range which you can backtest so when u see price go from LL to HH OR HH TO LL , go to the higher timeframe to the timeframe your looking at and identify where it came to and you will stop being fakeout out
price is universal , we have the advantage to look at timeframes to look at micro and macro structure
If we close below the blue line then we have targets and we would need a close below these targets for us to target the next ones , the red lines simply suggest where price can find a problem and maybe stop it from going to the next target and you would need to pay attention to the lower timeframes in this case
