Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). Please understand that market can break all the support and resistance anytime. If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk. #crudeoil
👍 Thank you for sharing this informative post on how to find good price action patterns and candlestick patterns in marked zones to take entry with a small stop loss. It's always important to have a well-defined entry and exit strategy when trading, and your tips on using smaller timeframes and avoiding big candles are very helpful.
Your color code for support and resistance zones is also a useful tool for traders to quickly identify potential buy and sell opportunities. However, it's important to keep in mind that the market can break all support and resistance levels at any time, so it's important to always manage risk and trade at your own risk.
Your color code for support and resistance zones is also a useful tool for traders to quickly identify potential buy and sell opportunities. However, it's important to keep in mind that the market can break all support and resistance levels at any time, so it's important to always manage risk and trade at your own risk.