- Solid rejection of 61.8 PRZ with a bullish engulfing (more buyers than sellers / buyers in control) candlestick on the H1 timeframe. Price will now want to maintain bullish H4 structure and print a Higher High.
- H4 Inverse Head & Shoulder's pattern that correlates to 3 reversal candlestick patterns on the Daily signal more upside ahead on the higher timeframes
- Bullish Weekly structure is being maintained
- With only a few days left to go in the month - the Monthly Candlestick is showing great sellers exhaustion and that a reversal to the upside may be present
___________________________
-> In my initial entry I closed out prematurely because of choppy price action on the lower timeframes. Price never reached my stop so it was incorrect to close the trade. I saw a double bottom forming on the M30 / a bullish engulfing on the M30 (buyers in control) and support being found around the 61.8 PRZ which is where my projection for a retrace had initially been. Plan the trade -> Trade the plan. Once you get into a trade -> PATIENCE. When you enter an order, price is not going to immediately move lots of pips in your direction. Trend is a function of time. # SWING YOUR FREEDOM. Being IN the trend when a set up is present with risk / reward and with proper risk management will certainly pay for losing trades / losses.
___________________________
Risk Reward + Risk Management = Edge = Forever In Profit
- H4 Inverse Head & Shoulder's pattern that correlates to 3 reversal candlestick patterns on the Daily signal more upside ahead on the higher timeframes
- Bullish Weekly structure is being maintained
- With only a few days left to go in the month - the Monthly Candlestick is showing great sellers exhaustion and that a reversal to the upside may be present
___________________________
-> In my initial entry I closed out prematurely because of choppy price action on the lower timeframes. Price never reached my stop so it was incorrect to close the trade. I saw a double bottom forming on the M30 / a bullish engulfing on the M30 (buyers in control) and support being found around the 61.8 PRZ which is where my projection for a retrace had initially been. Plan the trade -> Trade the plan. Once you get into a trade -> PATIENCE. When you enter an order, price is not going to immediately move lots of pips in your direction. Trend is a function of time. # SWING YOUR FREEDOM. Being IN the trend when a set up is present with risk / reward and with proper risk management will certainly pay for losing trades / losses.
___________________________
Risk Reward + Risk Management = Edge = Forever In Profit
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