Time conflence:
monthly, weekly and daily
candle stick : long wick and engulfing
trendline and support and resistence 50 Ema
trendline break with support and resistence:
great entry point
below 50 Ema : downtrend
sideway
trending: support and resistence
Fibronaci:
0.618
pull back between 0.5-0.618
Fundermental: read the news everyday to avoid violability
Momentom loss:
smaller candle --> long wick--> reverse engulfing
wide swing
double top and double bottom --> price break the neckline
head and shoulder
falling wedge --> bullish reversal
ascending triangle
Support:
entry of the trader: support and long wick candle
stop at the next resistence
take loss at the end of the stick
1: 2
risk always 1%
break trend line and 50 Ema target recent swing high
1. break trend line
2. making higher high and higher low
3. making higher high
4. retracement on support
Monthly ,weekly and daily reject 50ema
break trendline entry at engulfing candle
pull back candle smaller and smaller
0.618
weekly support
50 ema
0.618 fib
falling wedge breakout
break and retest on monthly level
long wick candle break
break the support and confirm with reject of support
0.5 fib
4h chart long wick candle confirming
monthly long wick and break the trendline
daily break the resistence and 50ema
pull back entry and break entry
double top and break the trendline
break 50ema
monthly wick and reject support
weekly double top
daily break trend line
Mindset:
do not exit early because of fear
be patient waiting for the entry
do not trade 1% risk