Whats up snipers, im back with another idea! Didnt post much last week because I had a humbling experience in the markets on Thursday. Non the less, i allowed that to shape me into a better trader. All that being said, im going to continue to provide the best ideas i can to you guys so please SMASH THAT LIKE BUTTON!!
Lets get into it:
SO we see on the 4H chart, we have a pretty confident uptrend already formed. The tricky part of this is determining whether this is a pull back or a reversal from the uptrend that we currently have. What we can use to determine the momentum is of course an RSI, however, this is only an insight. We must look further into the charts to figure out what price wants to tell us.
As we look at my markup here, we can see the 2 blue lines are key levels on letting us know if we continue the trend or break back down. We also see this bullish candle engulfing the previous on the 1H; also a bullish sign. If we take a look at the 4H, we see the wicks on the bottom of the previous candles, long bottoms, telling us we can continue upwards.
We can wait for price to break or get rejected by the yellow dashed line, then plan an entry from there.
Remember, Price action is the Only action
Trade safe, trade precise yall. PROMISE I WILL POST MUCH MORE FREQUENTLY, I NEED TO STOP SLACKING LOL
Lets get into it:
SO we see on the 4H chart, we have a pretty confident uptrend already formed. The tricky part of this is determining whether this is a pull back or a reversal from the uptrend that we currently have. What we can use to determine the momentum is of course an RSI, however, this is only an insight. We must look further into the charts to figure out what price wants to tell us.
As we look at my markup here, we can see the 2 blue lines are key levels on letting us know if we continue the trend or break back down. We also see this bullish candle engulfing the previous on the 1H; also a bullish sign. If we take a look at the 4H, we see the wicks on the bottom of the previous candles, long bottoms, telling us we can continue upwards.
We can wait for price to break or get rejected by the yellow dashed line, then plan an entry from there.
Remember, Price action is the Only action
Trade safe, trade precise yall. PROMISE I WILL POST MUCH MORE FREQUENTLY, I NEED TO STOP SLACKING LOL