trading with conviction

AU

this level gives a nice run in lower time from. there might still be a chance to reach the higher level which is the origin.
in lower time frame, look for the confirmation to close it and see if it could reach the higher level.
the upper level will be adjusted again on the second visit.

EU

CH
it could be considered engulf that prompted this sell or it could be a target on retrace.
- now sell in play and will see how it approaching the edge of the swing and beyond

EU
two buy orders, one filled and in play.

- Zoomed in entry point for future reference
- entry point almost hit the lower order where the SL was. so again expectation management

EU
add on in play as well.
by now, the price has been engulfed the whole swing, but meet the sell resistance. manage it from base to base.
- break > retrace > break

GU

just watch the move... even if it looks like engulf, it needs confirmation and it will be at the origin of the move.
no one will know for certain if the price will turn at the FL, so an order must be placed with SL.
Only two result, favor or fail.
However, it gives direction where the next move could be. No matter what tool being used, we are trading possibilities.

CH

The engulf occurred, one add on has been placed which might not get filled. If the pressure is so big, it will just carry on, and now it is possible.
the orders could have been closed at each FL, by watch the move, it will give a reason to stay or to close. in this case, to stay and it is going to the next base.
so again expectations, stay might risk the gains, but also deliver bigger rewards.

AU
the breach is taking place. Whatever sell has been taken out. the hindsight shows the FTB did happen and so was the reaction when the price approached the level.
the reality is the buy pressure is so heavy that it pushed through. now the confirmation is the recent drop reached its target.
we are looking for buy once the it starts retracing. At this point, on one knows the retrace will move to the level, but we need to prepare and pull the trigger.

JP

FTB breached, top weakened. if the buy pressure is big, it will keep pushing.
so retracing would give some opportunities.

EU

closed all buy. in zoomed chart, the engulf prompted the sell.
- in M15 and M5, the sell placed based on engulf confirmation
- will play the sell to the origin of this move up, if the upper circle is considered an engulf up, this sell should be closed when it is approaching the bottom.
- But, in H4, the price engulfed the FTB and reached the bottom of the up move, that base has been weakened.
- so the sell is worth watching before it gets closed.
- again expectation management

GU

EU
it was worth watching and it worked out.

Two levels to watch, they are high time frame levels, so to expect the big reaction when price reaches there.
- the first arrow is a valid level expecting reaction. Today it might not happen, so wait till Monday, now will sit through the weekend.
Monday move will again determine to stay or close.

GU

CH

EU

GU

au

JP