price action

Time conflence:
 monthly, weekly and daily

candle stick : long wick and engulfing

trendline and support and resistence 50 Ema

trendline break with support and resistence:

great entry point

below 50 Ema : downtrend

sideway

trending: support and resistence

Fibronaci:

0.618

pull back between 0.5-0.618

Fundermental: read the news everyday to avoid violability

Momentom loss:

smaller candle --> long wick--> reverse engulfing

wide swing

double top and double bottom --> price break the neckline

head and shoulder

falling wedge --> bullish reversal

ascending triangle

 

Support:

entry of the trader: support and long wick candle

stop at the next resistence

take loss at the end of the stick

1: 2

risk always 1%

break trend line and 50 Ema target recent swing high

1. break trend line

2. making higher high and higher low

3. making higher high

4. retracement on support

 

Monthly ,weekly and daily reject 50ema

break trendline entry at engulfing candle

pull back candle smaller and smaller

0.618

weekly support

50 ema

0.618 fib

falling wedge breakout

break and retest on monthly level

long wick candle break

break the support and confirm with reject of support

0.5 fib

4h chart long wick candle confirming

monthly long wick and break the trendline

daily break the resistence and 50ema

pull back entry and break entry

double top and break the trendline

break 50ema

monthly wick and reject support

weekly double top

daily break trend line

 

Mindset:

do not exit early because of fear

be patient waiting for the entry

do not trade 1% risk