here it is you could have bought it at 1.4200 sl=1.4117 tp1=1.4370 tp2=1.4400. if you iss it, it doesn't matter, because we will have another entry soon at the close of this 4hr candle...
ah ic. 5 pips into pocket. the next candle will always be darn fun. but i never get to learn when not to play it lols. btw DK, why do you say a up movement after the close of this hour candle??
because the short term trend is up. we wanna take advantage of it, and then when price will turn back with higjer time frames, we will follow the next movement. So, by learning the market and its behavior, we can profit from short term trend, medium term and long term trend. Now, it's all about finding the right trend direction....
this is a triple step pattern on the 4hr. and when you switch to the 30 min, you see that the 21 moving average has crossed the 50 .
the stop i put on this trade is a very conservative one. Because i took a first loss, i don't want to handle a second one due to tight stop placement. this one is 10 pips under the 1hr pivot. which is very protective
this is my very first chart posted hehe. anyway, since it has broken the 1.4200 level again. i tink a close on hourly below that would trigger a downtrend. but the past 2 hours, bull manage to fight out of that zone.
Trades based on Market Geometry and Price Action
