FTM - 4HR RETEST PLAYWaiting to bounce on new support either on the creek or key level.
much rather wait to react if consolidating on our support level before you enter the trade.
Check wick rejections, TRBO and market structure on a lower timeframe.
Always plan your trade and wait to meet your expected price so that you won't be FOMO again lol.
What's your thoughts about this coin?
also you can comment down what coin should I plan next post. hehe
Waitingforcorrection
Bullish EURCHF high probabilityDaily - Lower trendline being hit.
4Hr - Impulsive move out of the HTF trendline.
1Hr - Descending channel formed hitting the HTF trendline, giving a False BO to the downside and impulsively moving the price to the other outside part of the 1hr descending channel, possibility of head and shoulders formation too, + double bottom from a June 2015 swing.
The only need now is to wait for a correction to enter after it, with an SL below and the TP at the beginning of the descending channel.
Trades always need to be managed. Markets can flip their motion like English weather, better to preserve than to lose all of it.
