Panjang
(1/2 BASE) trading the 3rd wave
Based on my wave analysis market finished wave 4 of 3 and now its heading to the upside to finish wave 3 of 5 big.
On the 4h
_we have price retracing to that 0.382 fib support level and respecting IT
_lose of momentum on that level showing weakness on the bearish side
_ price action rejection ( hammer, doji , color change candlestick, engulfing candle)
_spikes to the upside
_ trading with the overall trend
1h
_ A new form of structure higher high and higher low
_ The break of that structure with several bullish candles that gives me the confidence to initiate the trade after all these confluences
15m entry
_ Ema's crossover and price above both of em
Stops=bellow the higher low
Target = 1.618 fib of wave 1/2
REMINDER !!
_always think of probabilities price may go ur way or against you what's important is predefining ur risk to reward and act on ur trading plan.
_thinking of series of traders approach
_anything can happen
_accept the risk
On the 4h
_we have price retracing to that 0.382 fib support level and respecting IT
_lose of momentum on that level showing weakness on the bearish side
_ price action rejection ( hammer, doji , color change candlestick, engulfing candle)
_spikes to the upside
_ trading with the overall trend
1h
_ A new form of structure higher high and higher low
_ The break of that structure with several bullish candles that gives me the confidence to initiate the trade after all these confluences
15m entry
_ Ema's crossover and price above both of em
Stops=bellow the higher low
Target = 1.618 fib of wave 1/2
REMINDER !!
_always think of probabilities price may go ur way or against you what's important is predefining ur risk to reward and act on ur trading plan.
_thinking of series of traders approach
_anything can happen
_accept the risk
Dagangan ditutup secara manual
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.