Summary Last week the market moved upwards just like how I forecast it would go. Made an entry a bit too late which makes it really risky. Something I have to fix in the near future. Have to be on a look out for the market to show a retrenchment. I will only enter the trade if the market shows a retrace candle at the fibonacci retracement point at 0.618 for short and also if after the second candle is formed for a better clarity of the market's movement.
Steps to be take
Set breakeven as the market open so that if it suddenly retraces, you are safe.
Look for a clear bear flag if Im planning to sell.
Wait for a second candlestick to form if the market is going to move downwards at 0.618 point.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.