1. 1 HOUR: The major trend is bearish, and there has been a significant retracement in that major downtrend, indicating short-term buyer exhaustion relative to the major downtrend. 2. 5 MIN: Its condition is choppy, suggesting a balance between buyers and sellers. Summary: The condition is slightly bearish. If the price reaches 3781 or 3742, the bearish...
The 4-hour chart is currently experiencing a major uptrend, albeit weakened due to a substantial retracement. The heavy retracement is showing signs of short-term exhaustion, which may favor short-term buyers. On the 15-minute chart, sellers appear to be losing momentum. Summary: The overall condition suggests a leaning towards a bullish trend, but a cautious...
1.The daily uptrend is losing steam. 2.The daily uptrend looks like a price correction of a major downtrend. 3.In order for the major downtrend to reverse, it is normal for the price to undergo major consolidation first. Of course, a V-bottom may occur, but it is less likely given the current conditions. Summary: My bullish bias has switched to neutral. Be...
4hour (higher timeframe) 4hour price by broad view, it is having uptrend. Currently, its pullback is a bit heavy and getting slightly overextended. This condition is favor for buyer. 15min (main timeframe) Initially, price is falling heavily, but falling price is slowing down in the later event, indicate that seller is losing steam. Summary - Overall situation...
Daytrading analysis. 15-minute timeframe is my trading timeframe (TTF), while 4-hour is my higher timeframe (HTF). The 15-minute price structure is a bit choppy, indicating a balance between supply and demand. A potential trading location is at zone 3822. I'm looking for the 15-minute price to fall heavily and slightly chop outside 3822, and then I'll try to play...
REF 19242 Failure 20710 Target, apply hybrid approach, partial take profit when 1:1, then apply volatility based trail TP.
Best short point at 0.517 Failure point 0.554 risk and reward 2:1
Ref 20268 Failure at 21787 Risk and reward 1:1 For my own trading record purpose.