After such a strong move to the downside, you could look for a buy in this rectangle for a return to the old bottom line of the pennant. A little risky since you're trying to catch a falling knife in a way, but if this shows another 4hr consolidation candle in this rectangle ill look to take a small position. Overall short biased on this pair now that the pennant broke to the downside but could see a nice bounce here.
עסקה פעילה
Grabbed a small position. Looking for 3:1 or 4:1
הערה
Looks like some stop hunting may have occurred. If this 4hr candle holds this long lower wick I think this will be setting itself up for a winner. Who knows!
הערה
For me: -Always be patient timing entries. These typically don't leave you in the dust if you don't grab an entry immediately. -Leave enough risk room for any lower wicks that may be hunting stop losses. -Continue to only look for these types of trades on dramatic moves to the upside/downside where we see another past area of consolidation before a strong move.
העסקה בוטלה באופן ידני
Long hourly pin bar spooked me some. This play was definitely a good learning lesson. Will continue to look for these from now on.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.