#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

Comment:

4H is uptrend

Comment:

1H price breakout key level and going up

Comment:

30m: Very bullish marubozu candle, so I open 5m to find an entry.

Comment:

Price is move perfectly, I move the SL to break-even.

Comment:

Move the target to previous key level on the big time frame

Comment:

At 5m chart, the price is pulled back and nearly touched the SL

Comment:

At 1m chart, price is going up again after a pinbar, so I move the sl right below the pinbar.

Comment:

Price is still trying to retest the keylevel, let see if it hit the SL and go down or break-out to continue the up trend

Comment:

Price is break-out

Comment:

Look like a false-break,

Comment:

1m is still an uptrend

Comment:

Trend is still very strong bullish,

Comment:

At 30m timeframe, price is break-out 1890 and going up on the way without any key levels

Comment:

Still, very strong bullish at 4h chart, SL still holds at previous position.

Comment:

Move the SL right below previous 30m candle

Comment:

Move the SL right below pinbar 15m candle

Trade closed: stop reached:

Price pull back and touch the SL. Risk/reward: 1 - 2.7
That sounds not bad.