Range bound trade of Nasdaq on 1H(Trading TF 5m)

2021년 1월 27일

My trading idea is based on 1H chart. The 2 defense line is the two most-likely level that buyers come in to reverse the short-term downtrend.

The trading time frame is 5m when we look for reversal pattern, e.g. bullish engulfing, breaking downtrend line, taking out nearest control high.

FOMC will release its statement on 3 am in the morning time. As usual, huge volatility will be expected then. Be careful. Close your position before the announcement to avoid being stopped out.

2021년 1월 27일

노트

The first defense line failed. Now, it seems that price got some buyers attention on the 2nd defense line. Wait until we see something real.

2021년 1월 27일

노트

weird. Where is my post on the 1 minute chart? I updated about a couple of min ago to trigger the trade.

2021년 1월 27일

노트

This is what I previous posted. This is 1 min chart. quite clear

2021년 1월 28일

노트

Obviously, by looking backward, I identified two trades. It happened when I was sleeping. So, they're not real trades, however, we can still learn from this. Good setups just repeated themselves again and again.

2021년 1월 28일

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