What I see is a Perfected 9 (would be a sell signal) followed by an 1-4 intervalls Pullback which could probably lead to another Bullrun to new ATs (this is an explenation often used by Tone Vays.
What I do is to wait until the current candle finished in 15minutes, and if there is something like a I enter a Long Position as shown.
What do you guys think about that?
My Entry: € 4989 = $ 5787
Target: € 5430 = $ 6300
Stop Loss: € 4887 = $ 5670
Lets see how this goes, the Stoploss is quite near to the entry so its a lower risk/reward trade and the loss is not that big if it doesnt go the directionn I want it to go.
(Ignore that Buy signal)
What I see on the 4 hour Chart:
- The TD Indicator showed a Perfected 9 followed by 4 Bearish Candles followed by a Doji which could mean a reversal (correct me if im wrong), if the next candle is bearish its definitly obsolete and the Trade gets invalidated and probably hits the stop loss.