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

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

Yorum:

4H is uptrend

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

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30m: waiting for a good entry to buy

Yorum:

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

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

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15m chart
Price break-out, waiting for retest

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Patience is a key

Yorum:

Wait for retest

Yorum:

Open chart 5m for more detail

İşlem aktif:

A perfect entry

İşlem kapandı: durdurma seviyesi:

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.