An upward trend with a harmonic (black dotted line) move. IF AND ONLY IF an engulfing bullish candle 4hr chart close (in next 1.5 hours), buy and go long.
Stop Loss: 35 Pips
Take Profit: 60 Pips
Stop Loss: 35 Pips
Take Profit: 60 Pips
Comment:
Looks like we finally got a close above the consolidation @ 15 min chart! Am now in long!
Comment:
Trade closed manually:
The reaction at the previous swing high leads me to believe this could be a double top and I've closed my long position in some profit .rolled my stops up once it got to previous swing high (current double top).
I am now short:
I am now short:
Comment:
I thought I saw a double top and manually closed out my position and went short. This idea ultimately was successful as the double top never held true.