DislikedWould anyone else be considering signal on GA off level drawn in blue ? {image}Ignored
Hi streetcry,
You identified the previous price swing and used that for support and resistance zone. This is good.
To look for high probability trade setups, we look for setups around CONFLUENCE of various support and resistance.
You can use the BN Levels (post#23,389) to help you see those key price levels 00, 50.
Also in that post#22,389 are two Prev D and Prev W Fibos, you can also use these as support and resistance.
For H1 intraday trading, use the BN levels and Prev D Fibo on H1 chart.
Your chart show the PA around the BRN 1.8600 and also Prev D Fib 50%, and with the blue zone you identified, that is a high probability reversal.
The Price Action setup is an H1 Inside Bar which is one way to see price consolidation. This is PASR for TMS H1 trading.
This one of my H1 entry method (Type 5) which I shared post#47,657. I made a pdf in post#48,780.
Keep it simple, just five common H1 setups for everyday trading.
Hope this help you in with preparing a H1 intraday trade plan.
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett