Once the controlling candle has been broken below, then I would enter a sell. Price looking to bounce at support again, before falling below the control candle. Patience is the key to a successful trade.
I see price breaking through a few resistance levels before falling. Buy for now, but respect the resistance levels, because price can reject those levels; one do not want to get caught in a buy once price falls..
Price has hit a support zone, and LTCUSD index and trending bulls numbers; just base off those two indicators, NO one should be in a sell. I'm looking to take my profit around the 62.50 price range. Buy for now.
As proving in the last publish, price fail to break previous resistance, but it did break previous support. Eurusd gave a new stop loss; the controlling candle is the same. I'm looking to sell EURUSD until further notice. However, their will be bull pullback, one can snack on them if one wants to, but be careful with that, you don't want to get caught in a buy...
As one can see, price cross above both moving averages; my stop loss is place below bull controlling candle. As of now, we are getting minor pullbacks, but the over all trend is bullish; I'm looking to buy only at this point.
The long red and bearish candle also known as the controlling candle still has the power of the market. We got a nice pullback for a moment "buy opportunities", buy price will hit respected resistance and price will continue to fall. I will look or a long opportunity once the controlling candle has been broken. Sell for now. Snack off the pullback.
Weekly, strong support, last week candle was a buy candle, until support is broken; looking for buys. Daily, trend is weaken, last candle was a buy, today's candle bullish looking for buy only. 4Hour, Before entry, wait for resistance to be broken, and wait for control candle to be broken before selling.
Over all bullish trend for now. Weekly, bullish trend; last bullish candle is weaken; long wick at top; rejection of buyers; looking for sells. Daily, Before buy, wait for resistance to be broken; bullish trend. 4Hour, Wait for break and close and either direction.