Major good setup entry
Setup entry :-
1-Two CHOCH with body candle closure (engulving) which mean that bullish trend turned to bearish
2-wait for pullback :-
Detection of the extreme of the pullback by:-
a)Fibonnacci retracement (more than 50%)
b)look for highly POI and OB
c)wait for creation of the entry pattern on the LTF by the market on these POI area and OB
3-risk management is the golden rule to prevent huge loss and creation of big profits
4-patient ,disciplined and strict conceptual framework create consistent results
1-Two CHOCH with body candle closure (engulving) which mean that bullish trend turned to bearish
2-wait for pullback :-
Detection of the extreme of the pullback by:-
a)Fibonnacci retracement (more than 50%)
b)look for highly POI and OB
c)wait for creation of the entry pattern on the LTF by the market on these POI area and OB
3-risk management is the golden rule to prevent huge loss and creation of big profits
4-patient ,disciplined and strict conceptual framework create consistent results