This chart is independent from the H1 chart. So if you decide to trade it, please make sure to have proper MM that is suitable for the daily timeframe.
INSERT TEXT IN "GOOGLE TRANSLATE": translate.google.com/ Expect price to reverse in the reversal zone and head back to the target zone. To enter short, sell a break of the daily low. Stops just above the high of the entry candle.
Good luck
Comment
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Expect the break of the previous highs and reaching the upper limit of the reversal zone before this trade triggers. So no rush
Comment
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Move stops just above today's high risking less than 50 pips Price might still re-enter the reversal zone so please be vigilant
Trade closed: target reached
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1. Price re-entered into the reversal zone deeply as expected 2. Price went into the target zone also as expected. 3. Next expect a correction
1.Expect price to reverse in the reversal zone and head back to the target zone.
2. To enter short, sell a break of the daily low. Stops just above the high of the entry candle
Yesterday we had a candle in the reversal zone
Today we had a break of that candle's low which was your signal to enter
PCTradeKop
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Nice. I also have it in a D chart channel. Zooming into 4H looks like it has formed a harmonic Bat...
Ichimoku_Trader
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Always great to have more than one perspective
Thanks
amrsoliman2000
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I am in - let us see what happens in this volatile day :)
Ichimoku_Trader
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why r u in?
The trade has not triggered
amrsoliman2000
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I shorted at 1.13466 which is in the reversal zone. Am I missing something?
Ichimoku_Trader
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Did you read what I wrote on the chart
Please always make sure that you do
I said:
To enter short, sell a break of the daily low. Stops just above the high of the entry candle.
amrsoliman2000
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I always do read your instructions. This one however is a bit confusing. Do you mean that we need for the price to fall to the lowest of the day to short?
Ichimoku_Trader
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I mean the you have to look at the previous day and sell the breakout below the low of that day