First Trade - 2EL at EMA, Resistance, potential Trendline
Second Trade - LH, Breakout pullback out of congestion
Both trades are with the overall bearish bias.
Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.
The only people who know where the market is heading are institutions. They are the ones who make the market move and our job as a retail traders is to follow their footsteps and get the piece of their movement. As a priceaction traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.
Date April 6 2022
If you want more advanced Trading tips, strategies and trading community.
[ Ссылка ]
#Stocks #Forex #Futures
