As we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!!
Normal entry (H1) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and enter when we will get a break CLOSE ABOVE of 23 line with good candle.
Conservative entry (H1 -> M5) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and watch for w a break CLOSE ABOVE of 23 line with good candle ->>> then switch to M5 and find another 123 after H1. You will have to be fast to get that M5 123
Agressive entry (M15) - Simply enter after valid 123 above EMA 200
Stops : 1. Below channel (safer) 2. Below point 3 ( risking little but easier to get stopped)
Targets: Targets are split into 3 parts. 1. target 1 : 1 (SL : TP) 2. S/R line (watch chart) 3. Trail it as much as possible
It is preparing for long yes. If you are already in i would say you entered very agressive :)
peter.eckl.351
⋅
Is there a way to get more Information how you trade. How you interprete your 4EMAs in general and which additional data you use (e. g. Cot). Would be great if you could give me some deeper insight. Thanx