DASHUSD POST ANALYSIS
I had posted a trade idea on DASHUSD on August 27th stating that I believed there was a good potential long opportunity approaching in the market. If you look at the daily time frame on DASHUSD you can see that there was a very strong push by the buyers on August 27th and that had immediately caught my attention. Remember that the #1 sign of REVERSAL is POWER so when you see such a strong push by either a buyer or seller, especially on such a significant time frame KEEP AN EYE OUT, there may be something the market is trying to tell you.
On this trade it was a pretty simple setup. The chart that I'm posting for my post-analysis was the approach I took. Price had just POPPED through structure on the 4H with such strong momentum causing a breach of that structure. I waited to make sure price was going to hold above it so it wasn't a fake-out, and based on the momentum I had a feeling that it was going too. I waited for the pullback back into structure by the sellers, waited for buyer interest again around the 175 levels, I got it and it was good to go from there! Target was hit at 215 price level!
I always make sure to keep all of my trades simple. I approach the market with every trade being a high probable trade setup and also a business decision. I decided that this pair was at a good price along with momentum and I decided to take the opportunity. Remember that everybody is different in trading. My style might not fit your style but I hope it can add some value to your trading!
Please like and follow my page to get more trade ideas here on TradingView! Cheers! On to the next one!
I had posted a trade idea on DASHUSD on August 27th stating that I believed there was a good potential long opportunity approaching in the market. If you look at the daily time frame on DASHUSD you can see that there was a very strong push by the buyers on August 27th and that had immediately caught my attention. Remember that the #1 sign of REVERSAL is POWER so when you see such a strong push by either a buyer or seller, especially on such a significant time frame KEEP AN EYE OUT, there may be something the market is trying to tell you.
On this trade it was a pretty simple setup. The chart that I'm posting for my post-analysis was the approach I took. Price had just POPPED through structure on the 4H with such strong momentum causing a breach of that structure. I waited to make sure price was going to hold above it so it wasn't a fake-out, and based on the momentum I had a feeling that it was going too. I waited for the pullback back into structure by the sellers, waited for buyer interest again around the 175 levels, I got it and it was good to go from there! Target was hit at 215 price level!
I always make sure to keep all of my trades simple. I approach the market with every trade being a high probable trade setup and also a business decision. I decided that this pair was at a good price along with momentum and I decided to take the opportunity. Remember that everybody is different in trading. My style might not fit your style but I hope it can add some value to your trading!
Please like and follow my page to get more trade ideas here on TradingView! Cheers! On to the next one!