Fibonacci Retracements Trading Strategy – Buy or Sell #fibonacci
Fibonacci Retracements Trading Strategy – Buy or Sell #fibonacci This video is for educational purposes only and should not be …
jobalertshop
May 31, 2024
jobalertshop
May 31, 2024
50 Comments
@TradingStrategyTesting
May 31, 2024 - 1:57 pmWhat went wrong in your opinion? π€π
@siddu6003
May 31, 2024 - 1:57 pmBut what happened after the stop loss it definitely would have fallen because of resistance unfortunately it hit the stop loss
@usamasummra6399
May 31, 2024 - 1:57 pmThere was order on head..price had to test it..Price went to test it and hit SL..(Just an opinion)
@piyushbagle6868
May 31, 2024 - 1:57 pm1 – up trend
2- break 2 swings
3 – price action break
@Captain_trader
May 31, 2024 - 1:57 pmI would have bought calls because of the 3 wave down and also the double bottom β¦
@tutorials1349
May 31, 2024 - 1:57 pmThere are two reasons 1. The last candle showing rejection at stop zone but there was not any sign of sellers
2 also if we see before last candle it was a flag breakout followed by a very strong rejection with a red doji at bottom. Also in this flag pattern two legs at neck are making higher highs.
@krishnachaithanya4116
May 31, 2024 - 1:57 pmThats mistake i guess, head and shoulders you need to enter only neckline break below, not at shoulder top.
@giyufn6481
May 31, 2024 - 1:57 pmthere was an orderblock in the fvg if i would take this trade i would wait for more confirmation and i would put my sl at least above the fvg
@Olgaspeakskorean1234
May 31, 2024 - 1:57 pmthe last swing low before starting uptrend is strong reversal candle pattern
@HyphenzaOfficial
May 31, 2024 - 1:57 pmI like the honesty
@molebatsiramagaga9647
May 31, 2024 - 1:57 pmH&S rule is yhat you sell AT the neckline, not the shoulder, though aggressive traders would sell at the shoulder, but those are people who can afford losses
@PUBG-rp2tz
May 31, 2024 - 1:57 pmπ§βπ»π§βπ»π§βπ»πππππͺ
@mohammadmahditozandehjani9430
May 31, 2024 - 1:57 pmHi admin!
There are multiple reasons to hit SL from different price action methods perspectives, so i suggest you make short videos about such scenarios to make clear what the reason was SL hit. By doing that more newbie traders can catch educational points. β€β€
@prosperchimange2691
May 31, 2024 - 1:57 pmI think the FVG was mitigated.
@stevenbennett758
May 31, 2024 - 1:57 pmGreen engulfing candle at the end…so i would buyπ
@mr.yggamer
May 31, 2024 - 1:57 pmActually it's bullish, simply use the external market structure which shows it doesn't break the previous higher low. Price won't change trend until change of character happens
@reskymensen
May 31, 2024 - 1:57 pmi think, if you draw a line to resistance area on the bearish pattern, it shows the break of the structure
@Blackand_purpel
May 31, 2024 - 1:57 pmI'll wait until the "head and shoulder" is done
@funchannel387
May 31, 2024 - 1:57 pmI had same problem before like this one, sometimes head shoulders doesn't 100% mean SELL, so i don't understand why it goes higher and BUY…
I always want to use higher timeframe like 5 minutes or 15 minutes, but eventually using 1 minute graph because of volatility… always change direction…
Recently always stop bidding then bid again, because of change direction..
Most of times graphs are really tricky
Sometimes indicators doesn't work too…
@NOBITA36280
May 31, 2024 - 1:57 pmthere's a Bullish POI on the left shoulder
@mrs.smallwood9794
May 31, 2024 - 1:57 pmThe stop-loss should have been at the last high, not the fair value gap.
@ayandadavidbangani4663
May 31, 2024 - 1:57 pmInverse Head π£οΈ and shoulders.
@ArcanumCathar
May 31, 2024 - 1:57 pmI say "pass", or π "buy…" too me, it looked like a HH (higher high), an HL (higher low)… with the last, bullish engulfing candle that took out the four bearish candles before it… (every candle on this time frame matters)?
You're reading FVG's incorrectly (it's the unfilled price)… the wicks can act like a FVG, or a continuation of one? FVG's aren't for protection, that's opposite of what it's for …maybe why you lost?
1, 2, 3, 4, 5, to the resistance or support, patterns?
The bear candles trend, was a large bull-flag in disguise?
@preethammahajan5365
May 31, 2024 - 1:57 pmMarket is clearly in the uptrend.
1) it made higher high and an higher low.
2) if you look carefully at the right shoulder, thereβs huge liquidity which the price then respected later.
3) final confirmation is, the market didnβt break below the left shoulder and failed to change the character of the market, which was a bonus point to notice.
4) my target would be previous high.
Hope Iβm right π , but this is all I noticed from the chart.
@duzmo6023
May 31, 2024 - 1:57 pmLiquidity β€π
@bradmorgan9416
May 31, 2024 - 1:57 pmIt's because there are no patterns, it's just a 50/50 guess every time.
@ASAD.NOORi01
May 31, 2024 - 1:57 pmBecause in price action there I continuation of the leg there is we can't take short with one candle and we are waiting there not taking short
@valkyrie8937
May 31, 2024 - 1:57 pmdouble bottom , support has been already retested
@rareram
May 31, 2024 - 1:57 pmBuy, the level of the left side shoulder is a stoploss.
Buy, the right "shoulder" left low does not go lower then the left side lows.
I ignore H&S patterns without supporting volume indicators, they are not the most reliable patten to trust without more than one additional reason imho.
@MuhammadBilal-lu5ig
May 31, 2024 - 1:57 pmI think price retest and change of character so this reason for your hunting stop loss
@makdee6881
May 31, 2024 - 1:57 pmUp trend
@BASIT_ZAKHIL
May 31, 2024 - 1:57 pmMini trend line breakout
Those small candle then a big blue candle bulish engulfing
It's a buy
@CryptocurrencyProfitss
May 31, 2024 - 1:57 pmgreat
@JensM-yg2mz
May 31, 2024 - 1:57 pmI would make a buy order if price goes above the swing high resistance of the large candle to the left preferably with a large momentum candle or green candles, and I would make a short sell if if price bounces down from the resistance – seeking a price down to the swing low/fair value gap area below.
@Flight_Master100
May 31, 2024 - 1:57 pmI said buy cus I saw the hammer
@Mario-tt5wb
May 31, 2024 - 1:57 pmI would have loved to see whether after the 10 hours it was still a bullish
@brinardtalks
May 31, 2024 - 1:57 pmI once saw someone say: There is no reason. This is the nature of the beast, the probabilistic uncertain game known as trading. Set ups can look perfect but orderflow may not eventuate on THAT trade but may well work the next attempt.
@JurijFasoli
May 31, 2024 - 1:57 pmyou have a bulltrend, the strong green candle broke and confirm the last support and creating before that a rejection with a long shadow, not a head and shoulder but a double bottom, so for me the price continue to goes up…i love the heand and shoulder but i prefer a confirmation with a broken support and confirmation for a new resistance, here i wold have put a short position
@BrianDinner-ui4wy
May 31, 2024 - 1:57 pmI said buy because of the bullish uptrend
@alexmack79
May 31, 2024 - 1:57 pmI wouldn't go for a sell because there's no market shift and price respected the last swing low… and because in order to be a valid sh-h-sh price should break the neck line
@TheFloetic24
May 31, 2024 - 1:57 pmI used to think upper wicks were bearish. Long as the candle doesn't have a wick on the bottom side, it's still subject to go up..
@see_you_later
May 31, 2024 - 1:57 pmBecusse we are not smart to identify right position
We are dummies
@austinteed3248
May 31, 2024 - 1:57 pmSupply and demand told me to buy this.
@backbenchergaming3897
May 31, 2024 - 1:57 pmThere is a not best candlestick pattern that is the reason
@laughitout123
May 31, 2024 - 1:57 pmAyyy!!! Does that really meet the requirements of a head and shoulder pattern?
@adrianaerickson6428
May 31, 2024 - 1:57 pmBuy
@andrijafabijancic9777
May 31, 2024 - 1:57 pmThe market was making higher lows so it was in an up trend and the bullish candle was bigger than the bearish one.
@Charles_524
May 31, 2024 - 1:57 pmYou ignored the trend line above which got broken π’
@autisticbatman87
May 31, 2024 - 1:57 pmW pattern with a big 9 Inch wick
@soumyadipchakraborty3462
May 31, 2024 - 1:57 pmIs it because of the engulfing pattern created at the last ?
Comments are closed.