These are 4 confirmations for me to enter a trade.
IF I DONT SEE THE ENGLUFING PATTERN THE TRADE IS RISKY..
Just because it hits the 61.8 doesnt mean its going to reverse.
What youre looking for is a breakout after the 61.8 hit,,
1. Did it hit the 61.8
2. With-in the high and low did a engulfing pattern happen on the 30m or 1hr
3. find a nice clean breakout, and enter on the 5 minute.
4. Set the SL about the wick that hit the 61.8 and set the TP at the 1.27
WALA
IF I DONT SEE THE ENGLUFING PATTERN THE TRADE IS RISKY..
Just because it hits the 61.8 doesnt mean its going to reverse.
What youre looking for is a breakout after the 61.8 hit,,
1. Did it hit the 61.8
2. With-in the high and low did a engulfing pattern happen on the 30m or 1hr
3. find a nice clean breakout, and enter on the 5 minute.
4. Set the SL about the wick that hit the 61.8 and set the TP at the 1.27
WALA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.