#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

Nov 13, 2020

4H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

Nov 13, 2020

Note

4H is uptrend

Nov 13, 2020

Note

1H price breakout key level and going up

Nov 13, 2020

Note

30m: Very bullish marubozu candle, so I open 5m to find an entry.

Nov 13, 2020

Note

Price is move perfectly, I move the SL to break-even.

Nov 13, 2020

Note

Move the target to previous key level on the big time frame

Nov 13, 2020

Note

At 5m chart, the price is pulled back and nearly touched the SL

Nov 13, 2020

Note

At 1m chart, price is going up again after a pinbar, so I move the sl right below the pinbar.

Nov 13, 2020

Note

Price is still trying to retest the keylevel, let see if it hit the SL and go down or break-out to continue the up trend

Nov 13, 2020

Note

Price is break-out

Nov 13, 2020

Note

Look like a false-break,

Nov 13, 2020

Note

1m is still an uptrend

Nov 13, 2020

Note

Trend is still very strong bullish,

Nov 13, 2020

Note

At 30m timeframe, price is break-out 1890 and going up on the way without any key levels

Nov 13, 2020

Note

Still, very strong bullish at 4h chart, SL still holds at previous position.

Nov 13, 2020

Note

Move the SL right below previous 30m candle

Nov 13, 2020

Note

Move the SL right below pinbar 15m candle

Nov 13, 2020

Trade closed: stop reached

Price pull back and touch the SL. Risk/reward: 1 - 2.7
That sounds not bad.