#2 - Price Action 4H - 1H - 30M

13 nov 2020

4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

13 nov 2020

Nota

4H is uptrend

13 nov 2020

Nota

1H: Price is break-out and re-test the key level

13 nov 2020

Nota

30m: waiting for a good entry to buy

13 nov 2020

Nota

Open 15m chart for a deep look into the price action

13 nov 2020

Nota

15m chart: Waiting for a perfect entry when the price break-out and re-test this area,

13 nov 2020

Nota

15m chart
Price break-out, waiting for retest

13 nov 2020

Nota

Patience is a key

13 nov 2020

Nota

Wait for retest

13 nov 2020

Nota

Open chart 5m for more detail

13 nov 2020

Trade attivo

A perfect entry

14 nov 2020

Trade chiuso: stop raggiunto

I absolutely can win this long. But I lost it because of my mistake for the entry. I must wait for some more clear signal to cofirm. In this case, my entry is not good enough for the retest. After my entry, it sets up a double bottom. It should be a better entry.