hey traders check the chart can this dynamic lvl hold the price ? share ur thought and leave a comment
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as u can see, price didnt touch our Entry
it means that in the next touches, the strength of the trend will probably be weaker Therefore, for a better and safer entry and better R&R, do not enter the trade with the first touch, and give the price a chance to make a shadow and rejection below the lvl, that will b our confirmation alsi this strategy give us a chance for incrase our R&R there will b an update if we gt there check the chart
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The eighth touch The eighth 4H candle below the dynamic lvl Still rejecting
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31 candles in the hourly chart and they didn't break up the dynamic lvl yet also Ichi still bearish at 4H 2H 1H 30m TF getting bullish in 15m 5m 3m 1m TF
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the tenth 4H Candle still playing below the dynamic lvl
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this rejection will b enough its time to lost lower lvl in this TF
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To remind we wont enter immediately for this position because its possible 4 the daily TF to break down this level, as a result, we will expect another downtrend, so we should first w8 and see if the price will reject or not Depending on rejection and shadow TF, We will choose when 2 enter and ill announce it in the updates its old chart but still can make the point
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not yet wait for confrimation
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" Ichi " lets check one of my own made ichi strategy This white lvl is Senkou A lvl as i said B4, when Senkou A break the candles and candles play below, its one of bearish sign and 1of my confirmation
theres an other Strategy whit Senkou A check the chart and Senkou A lvl that i marked can u see how it made a peak? it means that break down wasnt healthy and had high volume, so we can expect in next support area, bulls push back the price to this lvl 70% of times, price will back to this Senkou A peak lets give the market some time and see whats happens
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touch the entry and there will b some buy pressure just not yet expecting an other sell pressure around our previous DC candle
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as i said, we dont enter with first touch lets see what happens
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was expecting go lower B4 it happen, but didint play that way what a waste :) but its ok, mayB nxt time
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still ranging in this area
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This scalp is NOT valid anymore Expecting breqk down this support area in higher TF