structure based trade and top down analysis

2019년 3월 1일

hey guys,

one more example on how we can apply a combination of multiple timeframes for market analysis and trading.

on a daily timeframe we see that the market is very close to a decent level of structure,
and continues bearish movement in a small parallel channel.


on a 4h chart what we do is we identify a potential reversal zone:
a range between upper and lower levels of support.
In this zone we will anticipate the change of the sentiment.

For confirmation, we will be looking for a bullish violation of this channel.

Initial target will be based on structure.

Your stop will be below the potential reversal zone.

good luck!

2019년 3월 1일

주문취소됨

breakout earlier that expected