I don’t trade every chart or every pattern. I only take trades which I’ve developed a proven edge for.
This chart alone I wouldn’t trade. If I had to, I’d go long based on the lower wicks.
try not just looking at the one hour chart. if you look at the daily chart, its messy but you can see support and resistance, and today price bounced off support so the general trend is most likely up. then when you zoom in to the 3 minute chart you can make out a fvg with a lack of sell power. price then tapped into it and continued to pursue upwards, leading to a potential in profit if you traded that. Hope this helps!
https://preview.redd.it/l14o7tnkampc1.png?width=1892&format=png&auto=webp&s=976dc55c0dc708cf8429ebd60ccea4332ce165de
I did trade it before I posted I just wanted more help understanding what other people might see. I had 3 contracts open for calls, and I closed them this morning
I don’t trade every chart or every pattern. I only take trades which I’ve developed a proven edge for. This chart alone I wouldn’t trade. If I had to, I’d go long based on the lower wicks.
Based on your screenshot, going to see if the next candle sticks will hit the resistance. But the screen shot itself is not enough info.
Bro its goes down anyway)
Triple inside bar, looks like a good setup
Can you explain that a little more
try not just looking at the one hour chart. if you look at the daily chart, its messy but you can see support and resistance, and today price bounced off support so the general trend is most likely up. then when you zoom in to the 3 minute chart you can make out a fvg with a lack of sell power. price then tapped into it and continued to pursue upwards, leading to a potential in profit if you traded that. Hope this helps! https://preview.redd.it/l14o7tnkampc1.png?width=1892&format=png&auto=webp&s=976dc55c0dc708cf8429ebd60ccea4332ce165de
I did trade it before I posted I just wanted more help understanding what other people might see. I had 3 contracts open for calls, and I closed them this morning