838點閱
Time to grab some Ripple base on trend from Timeframe H1, price would go up a bit then correction and shoot up then.
Wait to buy at the green line when price doesn't suddenly break through
Wait to buy at the green line when price doesn't suddenly break through
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Vroney
Hello, what do you mean by "when price doesn't suddenly break through"?
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ltworld
Vroney
@Vroney, maybe he means the support (greenline), as we can see, there are 11 bar of movement in there, that's plenty enough to decide it's a rebound or not.
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DatTong
Vroney
@Vroney, It's a bit tricky here that you manage to take your entry based on price action at the appointed level. Specificlly, in this case, if price took so long to make retracement comparing to time span from the arrow, it's something wrong. When time is at the expected level, if it doesn't have any reactions that lead to a real bouncing, there is a high chance that it compromises to go a bit further. So, your Stop is wider or cancel Setup. Most of the time, reactions are within first few candles
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DatTong
DatTong
@DatTong, "when time" <--- I mean "when price"
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Vroney
DatTong
@DatTong, Thanks a lot!!
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