very bullish daily chart!
nice trend in 15min chart during yesterdays session:
- If consolidation reached 50% RT very low risk with the chance to maybe enter the big (daily chart) trend.
- If consolidation on daily keeps going there will be another chance to get in -> inicially only small stake!
- With the rest of the money wether reentry or upsizing of the...
red trend + blue trend
Entry when blue is in consolidation, that can be:
- pullback to breakout level (red line)
or
- direct bounce from resistance (red line).
Big trend = red
trend = blue
small trend = at the 1h chart
Sustainable break of red line confirms ALL three trends, forming a new high.
Entry at 1h with very close SL, you'll see the last low at 51.80
EDIT: Took profit after gravestone candle, maybe not to smart, but all the gaining days of the major indexes make me keep the stop-loss tight...
If you see weekly you see a down trend, here in daily we have a downtrend followed by an "A-B-C"type consolidation. If cons. trend breaks (red line) we have a short signal.
EDIT 22.2.: Entry never triggered
