Still learning but looking to buy if the price bounces off the trend line and 61% fib level.
Constructive criticism and opinions and suggestions welcome!
Thanks
This trade looks very promising. The market is currently moving in a descending triangle as shown. This means lower lows and lower highs. We are currently approaching the low of the edge of the triangle. Secondly, the 50 Period EMA has been dis-respected therefore we expect it to bounce back from it. Thirdly, the market is moving above the 200 EMA supporting the...
In the past I've often left trades and forgotten I had them open.
It's ALWAYS ALWAYS ALWAYS IMPORTANT to place a Stop Loss and Take profit, for every trade you place, especially if you Day/intraday/Swing & Position trade. I don't often scalp and if I do I'm usually in and out very quickly in around 10-15 minutes.
Now lets say you place a trade, entry after...
Hi, I’m very new to this and still learning so any feedback is accepted.
Do you think this is a potential bullish or bearish pattern?
I personally think it’s going to come back to the support line, (previously a resistance line) and bounce to the resistance at the top of the channel.
Please please comment let me know your ideas or if I’m doing something...
