SGDTrading

SGDTrading

OVERALL MARKET HAS BEEN IN AN UPTREND, DESCENDING CHANNEL ON THE 4HR TIMEFRAME, WAITED FOR CONFIRMATION OF BULL CANDLE CLOSING ABOVE CHANNEL. VERY NEW TO TRADING, JUST PLAYING AROUND WITH STUFF IM LEARNING AT THE MOMENT, CONSTRUCTIVE CRITICISM/ADVICE IS HIGHLY WELCOME AND APPRECIATED

SGDTrading

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SGDTrading

WILL ENTER A LONG TRADE IF PRICES COMES DOWN AND BOUNCES OF BOTTOM TRENDLINE BACK UP TO RESISTANCE LEVEL

SGDTrading

WILL ENTER A LONG TRADE IF PRICE HITS BOTTOM TREND LINE

SGDTrading

I WILL BE WAITING FROM PRICE TO MOVE UP TO TREND LINE AND CLOSE BEARISH THEN ENTER SHORT TRADE TO RUN IN LINE WITH 4HR DOWNTREND

SGDTrading

WAIT FOR PULLBACK TO BOTTOM TREND LINE OF TRIANGLE, THEN ENTER LONG TRADE

SGDTrading

Symetrical triangle has formed in this downtrend, if price breaks bullish out of triangle it could go up to previous support now turned resistance