Classic Trend Resistance Breakout Play by Coach @MiningMiranda.
ENTRY: 15m High Volume, entry ONLY on confirmation candle even if there was an earlier conviction. 1H prior MACD Bullish Cross and bounce on very strong 3.44987 0.618 level
EXIT: Should've exit on 4.0 to produce a parabolic play, but instead went for a conservative 0.618 3.87 TP Area
CONCLUSION:
TRUST THE SYSTEM! But always set a Stop-Los. A 50% loss is not volatility anymore, it's a poorly planned trade.
KEEP THE PATIENCE. Wait for the confirmation candle, regardless of a 0.618 major level bounce, or 15m high volume
A major 0.618 level bounce can not only result to a Trend Resistance Breakout, but a parabolic play as well
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.