this is a late trade. the 4H failed at the circled area. was oversold. the bulls were not strong enough and so we got a considerable retrace. (our entry area).
from here the momentum might increase and easily hit our target.
this is a good one
this is a 1 H test trade.
the entry is late (took little time evaluating it) as it should have been at the circled area. the pullback was just to gain good momentum to hit target.
i do not anticipate any move past my stop area. small risk reward. (just testing what i can do incase of late entry.0
the hourly is taking a pullback to get momentum enough to push to the upper target
a small pull back was necessary and i had to wait for it.
there might be a candle or two delay before the push higher begins.
there lacks enough momentum to push to the lower target a significant retrace was necessary..
this is a test trade
there was a retrace in order to boost momentum needed to push towards the weekly timeframe.
we cannot push lower to the 4H timeframe and the momentum up shows signs of strengthening.
it might be slow at the start but increase with time towards the weekly
seeking to see whether this is just a pullback for the big buy coming up
the first circle is where potential buying may have kicked in.
selling wasn't over, however,
if a success then i expect smooth buying during this new phase