Possible BUY TREND CONTINUATION TRADE IDEA

٦ يناير

60/15mins TF TRADE IDEA

Looking forward to a buying setup still an idea at the moment.

From 60mins TF, buyers dominating the market and came to temporal hault. From 15mins TF, I see a correction and buyers showing sign of stepping in to resume LONG. The recent lower high has been challenged and waiting for a higher low as buy confirmation on the BUY TRADE IDEA.

Note: IF price continues short- making brand new lower low then the idea becomes invalid.

Looking fow

٦ يناير

تم فتح الصفقة

Still looking forward to get a buy trade anytime soon now that we had a bit of manupilation. According to the TRADE IDEA- confirmation failed hence the buy setup became invalid but pending. Price continued short making BRAND NEW LOWER LOWS.

Now we need buyers to change the recent mini sellers (red arrow) and show inability to continue short by giving us a higher low, only then will look forward to get in for a LONG.

٨ يناير

أغلقت الصفقة: تم الوصول للهدف

End Results: Although the first buying attempt confirmation wasn't met. No loss was made, The condiction was then met the on the second attempt after realizing that the idea is still pending and buyers are to be expected to continue LONG.



Post Analysis:
Trade Idea was a success. I should have adapt to the market condition knowing that after manipulation I should less expect a deeper higher low since the majority would have already turn sell bias.

٨ يناير

ملاحظة

Typing error: "Now we need buyers to change the recent mini sellers (red arrow) and show inability to continue short by giving us a higher low, only then will look forward to get in for a LONG."

Correction: Now we need buyers to CHALLENGE the recent mini sellers (red arrow) and show inability to continue short by giving us a higher low, only then will look forward to get in for a LONG.

The 'higher low' came shallow "hard to read/recognize on live markets" hence no position was executed. The idea still worked regardless.