Many traders have asked me to give a more in depth look into what a typical setup that I would be looking for, what are some possible entries that I will take. So I figure I will make an educational video and analysis breakdown on a few trades that fits my trading plan, risk management, and trading strategies/style.
I will go over 3 setups/entries that I usually look for in the market. I will explain what I want to see from price action and structures before considering a possible entry.
Entry #1: Double Top/Bottom -potential double top/bottom on the higher time frame -corrective structures forming to push price near the area -enter the breakout or reversal
Entry #2: Continuation Correction -break of the higher time frame continuation correction structure -price formed lower time frame corrections -enter the reversal, breakout, or correction after breakout
Entry #3: Top/Bottom of structure -price is at the top/bottom of the higher time frame structure -price form some sort of correctional structures within the larger structure -enter the breakout, or correction after breakout
As always, feel free to ask me questions and comments.
Good video! Do you usually sell at targets or do you wait for structure to indicate reversal, and if it's the former, what do you usually use to determine your targets?
jojofang0901
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@teknoaxe, Always focus on price action and structure to determine everything. From TP to SL and entry. Thank you :)