Strong rally then trickle down to its starting point
Bot when price pulling in and halt.
Expect to see a bounce first.
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Do not glue to any one side trade. Have a unbiased mindset.
Change your view based on how price evolves. Probability of trading is not binary, but Bayesian.
Daily: Uptrend in wild swing
Price sitting on support.
Positive reaction so far.I don't want to enter right now. Too large SL.
See how the price pans out around boxed blue area and adjust entry/SL
I am monitoring the price when it trades to level as drawn.
No idea how it will presents itself. But I will always be prepared on both sides of trade depending on what I see at that point in time. Long or short.
It could be a pullback, major reversal, or continuing previous trend. I foresee none of them. But let risk management take care of...
GBPUSD 1H TF.
With-trend trade after base breakout.
See if price could dip a little bit to tilt the RRS a little in my favor
Then I will adjust SL according to how price approaches this area.
What you see:
price under weekly TF resistance
It moves in sideways
Parabolic move after ECB meeting, good to fade this on the backdrop of bigger TF pattern.
Start with large SL first. Downside potential promising
EURUSD daily downtrend. Bulls are weak so far.
Sell zone as marked.
Fine tune entry level and Stop Loss w/ lower time or how price pans out.
All in all, good RRS trade to bet on.
Expanded range bar = momentum bar come out of consolidation but was kept under major resistance. Could be a tug of wall between bulls and bears at that level. Trade may be based on price reaction.
