BREAK AND RETEST PLAN: 1.WAIT for a 4hr close below a support zone . 2.WAIT for retest back into or close enough to the zone . 3.Wait for some sort of rejection on the 30min or hourly. 4. Wait for price confirmation 5. Sell The trend is your friend, it makes no sense to trade against it. my analysis is done according to momentum.
stops should be adjusted based on how and where the 4hr candle closes. so risk might increase or decrease.
Trade ist aktiv
Anmerkung
okay so, when price came back up for a retest, we can see it was an obvious fakeout, this is to trick those waiting to buy. and they get F###ED
Anmerkung
with that being said you can very easily avoid fakeouts by just waiting for a proper close and retest and a key candle :)
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.