#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

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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
Nota
4H is uptrend
istantanea
Nota
1H price breakout key level and going up
istantanea
Nota
30m: Very bullish marubozu candle, so I open 5m to find an entry.
istantanea
Nota
Price is move perfectly, I move the SL to break-even.
istantanea
Nota
Move the target to previous key level on the big time frame
istantanea
Nota
At 5m chart, the price is pulled back and nearly touched the SL
istantanea
Nota
At 1m chart, price is going up again after a pinbar, so I move the sl right below the pinbar.
istantanea
Nota
Price is still trying to retest the keylevel, let see if it hit the SL and go down or break-out to continue the up trend
istantanea
Nota
Price is break-out
istantanea
Nota
Look like a false-break,
istantanea
Nota
1m is still an uptrend
istantanea
Nota
Trend is still very strong bullish,
istantanea
Nota
At 30m timeframe, price is break-out 1890 and going up on the way without any key levels
istantanea
Nota
Still, very strong bullish at 4h chart, SL still holds at previous position.
istantanea
Nota
Move the SL right below previous 30m candle
istantanea
Nota
Move the SL right below pinbar 15m candle
istantanea
Trade chiuso: stop raggiunto
Price pull back and touch the SL. Risk/reward: 1 - 2.7
That sounds not bad.
istantanea
Support and Resistance

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