i like to do my analysis ahead of momentum. so for e.g. we cam see GBP pairs picking up momentum. i know its going up, so my analysis will be done around momentum waiting for price to break certain levels and then ill execute a break and retest strategy. so in this case im going to wait for 4hr close above this resistance. i will then wait for a retest of broken HH, if i get any confirms that price is rejecting previous HH and wants to continue up, i will enter with a tight stoploss.
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wait for 4hr close above resistance.
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If you’re in this trade, don’t exit. Just move stops into tight profits
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lovely trade, just 10pips risk for 47pips, if you had cancelled tp and move stops into tight profits, you would have still walked away with over 70pips.
entry- so price gave us confirms on the 30mins it showed us weak bearish signs at the zone,
alsooh i dont even go lower than 30min timeframe, 30min confirms are like heavenly ;) do not absolutely not use 15min confirms, you will get f###ed