From the looks of the Higher TF (M,W) I assumed price would continue in a bearish direction.
Well I was wrong and I'm okay with that. I reassessed and planned accordingly to price going long for the NYSE open/session.
Price formed a descending channel which gave me indication that price could breakout and turn into a bullish trend.
The Inverted hammer with engulfing candlestick pattern was a great price action indicator, if your more of a riskier trader that was a great sniper entry.
IM not that risky yet lol so I waited for price to close above my direction bias arrows and executed longs.
This was of one my best trades ending with 0ne loss of $11 dollars making $447 for the day.
Happy Hump Day Traders!
Well I was wrong and I'm okay with that. I reassessed and planned accordingly to price going long for the NYSE open/session.
Price formed a descending channel which gave me indication that price could breakout and turn into a bullish trend.
The Inverted hammer with engulfing candlestick pattern was a great price action indicator, if your more of a riskier trader that was a great sniper entry.
IM not that risky yet lol so I waited for price to close above my direction bias arrows and executed longs.
This was of one my best trades ending with 0ne loss of $11 dollars making $447 for the day.
Happy Hump Day Traders!