*real time strategy testing* 1. Break and retest of previous swing highs 2. Action right on quarter points 3. Perfect 618 fib touch 4. Convincing bullish candle
Analyse my chart
Look at the chart, same thing every time.
Please check my chart for markup. -trendline respect -S/R respect -fib respect
Peep Peep! Sell after longer term trendline touch + recent 618 fib
1. Trendline hesitation 2. Golden fib rejection 3. Looks bullish, feels bullish, must be bullish. Keep it simple.
Perfect trendline rejection coupled with 618fib hesitation. no need to over complicate, looks to be bullish.
1. Obvious hesitation on the 764 fib level. 2. Correlation with other xxxJPY pairs. 3. top down suggesting bulling retrace
Respecting fib 618 with some bouncing, trendline break and retest. Simple analysis.
testing
Take trades only if 3 conditions are met. *condition 3 you are just looking for a "confirmation candle" in the direction of break. *enter trades only at the close of candles on the 1h chart.
1,2,3 conditions met. active sell position
so technically this is still a valid trade. take it if you want - set stops and profits
just some light backtesting. this idea would've smashed last night.
We went to sleep cause life, but we would've been within 1 pip of TP and then got stopped out.
Next candle to close under lower range - open sell.
