About meThis is for my journal. make a analysis from what i learn and apply it. at the same time to gain more knowledge and confidence on my analysis. but if don't, i just learn from mistake #ImNew Peace :)
I will enter the short trade before the London session open. i believe that this Asian session make a stop hunt and when London session open. it will drastically going downward as the market is a short bias.
A CONTINUATION UPTREND MOVEMENT AND PIVOT APPEARED. WAITING FOR THE CANDLE BREAK 15MIN TRENDLINE
IT IS BETTER TO WAIT THE CANDLE BREAK THE EMA'S AND BOTH EMA CROSSED.
SO MY RR IS 1:1 FOR THIS TRADE AND CHANGE MY 2ND TARGET PROFIT IF IT EXECUTE ALL MY TRADING PLAN. ALSO DON'T FORGET TO MOVE SL TO BREAKEVEN
1- SHORT BIAS
2- CREATING HH AND HL
3- BREAKING OF TRENDLINE
4- EMA CROSSED ON 4HR
5- PIVOT APPEARED
WAITING FOR CANDLE REJECTING PIVOT, EMA AND PREV SUPPORT LINE ON 1H. ALSO WAIT FOR BREAK OF TRENDLINE ON 15M TIME FRAME FOR BETTER ENTRY
MONTHLY - SUPPLY ZONE (RED MARK)
DAILY - SUPPLY ZONE (GREEN MARK)
H4 AND H1 - WILL ABOUT TO BREAK THE DAILY ZONE TO FORM A CUP. PRICE BOUNCE BACK AND MOVE TO THE MONTHLY ZONE TO MAKE A CUP N HANDLE PATTERN.
THIS IS JUST AN ANLAYSIS OF MINE. MIND SHARE YOUR IDEA PLS :) TY
On the 1hr tf, it shows that the form of double top and already break the neckline. The bull candle about to bounce either both of the green zone. anyhow, this is just an analysis of mine :)
#SHAREIDEAPLS :P Still Learning