Lit7leBoy

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

Long
Lit7leBoy Aggiornato   
FX:EURUSD   Euro / Dollaro
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
Commento:
4H is uptrend
Commento:
1H: Price is break-out and re-test the key level
Commento:
30m: waiting for a good entry to buy
Commento:
Open 15m chart for a deep look into the price action
Commento:
15m chart: Waiting for a perfect entry when the price break-out and re-test this area,
Commento:
15m chart
Price break-out, waiting for retest
Commento:
Patience is a key
Commento:
Wait for retest
Commento:
Open chart 5m for more detail
Trade attivo:
A perfect entry
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.

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