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Classic Trend Resistance Breakout Play by Coach @MiningMiranda.
ENTRY:
15m High Volume, entry ONLY on confirmation candle even if there was an earlier conviction.
1H prior MACD Bullish Cross and bounce on very strong 3.44987 0.618 level
EXIT:
Should've exit on 4.0 to produce a parabolic play, but instead went for a conservative 0.618 3.87 TP Area
CONCLUSION:
TRUST THE SYSTEM! But always set a Stop-Los. A 50% loss is not volatility anymore, it's a poorly planned trade.
KEEP THE PATIENCE. Wait for the confirmation candle, regardless of a 0.618 major level bounce, or 15m high volume
A major 0.618 level bounce can not only result to a Trend Resistance Breakout, but a parabolic play as well
thank You Jesus!
#mirandaminerprofitablesystem
Classic Trend Resistance Breakout Play by Coach @MiningMiranda.
ENTRY:
15m High Volume, entry ONLY on confirmation candle even if there was an earlier conviction.
1H prior MACD Bullish Cross and bounce on very strong 3.44987 0.618 level
EXIT:
Should've exit on 4.0 to produce a parabolic play, but instead went for a conservative 0.618 3.87 TP Area
CONCLUSION:
TRUST THE SYSTEM! But always set a Stop-Los. A 50% loss is not volatility anymore, it's a poorly planned trade.
KEEP THE PATIENCE. Wait for the confirmation candle, regardless of a 0.618 major level bounce, or 15m high volume
A major 0.618 level bounce can not only result to a Trend Resistance Breakout, but a parabolic play as well
thank You Jesus!
#mirandaminerprofitablesystem