Terryboh

Terryboh

Bearish Daily 4H break of trend line = bearish 50 ema above price 50 % fib level For entry, Targeting 1:1 RRR

Terryboh

I was already Buy Bias and Now it is playing out support level trend line break HH formation

Terryboh

Bearish Daily 4H break of trend line = bearish 50 ema above price 50 % fib level

Terryboh

Bearish momentum break of trend line LL created Waiting for a pull back to the 50 - 61.8 % fib level Pros - we have daily Bearish - Key Resistance level - Fresh trend change Cons - We still need to wait for pull back to present a good entry. For Entry, - Looking for bearish price action e.g momentum loss, pull back trend line break, bearish engulfing,...

Terryboh

Area of Interest pros Bullish Daily structure + 4H -50% Fib level -possible support level cons - Price is rejecting Daily key resistance - Price had already moved significantly and didn't show clear structure For entry limit order at 61.8% fib level or wait to see bullish price action e.g price rejecting 50 ema and support level momentum loss as price...

Terryboh

Daily Up trend 4H short term down trend for pull back support level Long wick candle rejecting support and 50 ema Followed by a bullish engulfing candle at support breaking trend line Signaling buyers stepping in. For Entry Limit order at the 50% fib level or set an alert or watch the market to see bullish price action at this level.

Terryboh

4H down trend 1H, M15, 5M LL created, waiting for a LH to form at 50% Fib level We will like to see price action formation e.g 50 ema rejecting price, bearish engulfing candle or a long wick rejecting this resistance level and the 50% fib level The more confirmations the better.

Terryboh

Overall down trend on daily current 4H up trend 4H trend line break 50 ema above price Bearish engulfing candle breaking support level For trade entry, - wait for a pull back to the 50% Fib level - look for bearish price action e.g price rejecting 50 ema

Terryboh

price rejected daily resistance level and forming a bearing red candle. The 4H changes structure to confirm the pull back. Since the daily is still bullish, we wait for the 4H time frame to change structure from bearish to bullish! Price has broken 4H short term trend line, and created a higher high. I always enter at the breakout, but also enter more position...