entered when the current candled closed above the previous candle but the the next candle started going bearish and breaking the previous low.
Any feedback on how I could have made a better analysis is welcomed :) Thank you
A way I could have made a better entry. Have to work on my confidence more
Made this for self reference. Trying to take 1/2 trades a day and secure at least 10 pips. Any feedback are welcomed.
Price is in a range. If the price closes above 134.848, buy. aim is 10 pips If the price closes below 134.794 (previous low). Short - tp is 10 pips too but tp 2 is 134.528 (24pips - clean candle on the left) I am trying a new strategy where I will secure profits after 10 pips everyday and not be greedy. In that way, I am able to be consistently profitable .
Conclusion – could retest the daily resistance and continue bullish or the daily resistance turn support and hence bearish. Op1- First candle of the week could be bullish to fill the previous long wick (D). Also the 4H candle closed bullish with short upper wick and medium lower wick. Op2 – continue d.wards as the prev D candle closed below the D resistance...
two ways the trade could play out. LH LL is formed and continue down or retest the daily resistance and then continue down
Market is currently ranging If the price breaks the support and closes below 136.930, - short - TP : 136.250 - SL: above the previous candle If the price breaks the resistance and closes above 137.450 - long -TP : 138.150 - SL: Below the candle closed previously
Price is creating a resistance. if it closes below 137.80 then I would short it. SL would be the above the previous candle.
Hey everyone, Weekly – looks like 3 green soldiers will be formed (indicating that the downtrend might come to an end) – currently testing key resistance level. Daily – 3 green soldiers formed and closed above resistance – might be a start of the uptrend. Could be a fakeout- have to wait for the price to pullback to the now support area to confirm that is...
Consolidating at the resistance. Either breaking up or down. Mostly probably continue its uptrend. wait for confirmation.
Hey everyone. The price might do a pullback to the blue rectangle area and then continue to move up breaking the resistance.
Hello everyone. As you can see the the price are cornering to a point where both the trend lines intersects and meets the key resistance level. I will be looking for a breakout to trade at that time (confirming the direction of the market). constructive criticisms are welcomed. Thank you :)
The market is currently ranging. The price has tested the resistance a number of times (a strong resistance). Plan A - What I will be looking for once London opens is whether the price the hit the resistance and give a breakout (by ensuring candlestick closing upon the resistance) and making my entry setting TP at 134.910. SL will be the below the previous...