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This will be the first time of me trading a breakout strategy.
This breakout pattern happened on the week.
Looking back within this 4 hour time frame.What do you see?
These 3 patterns are working together..How?? let me explain:
The bullish engulfing is showing the surpport level of this price action.Then comes in the hanging man.
The hanging man shows you the resistance level.
Its very clear to see on this chart that the price
has broken resistance and this is a very clear breakout.
That is what my mentor Tim Sykes usually says.Because he loves clear breakouts.
This 4 hour time frame is the key to entry
positions in short term trading.
Rocket boost this content to learn more.
This breakout pattern happened on the week.
Looking back within this 4 hour time frame.What do you see?
- -Doji
- -Hanging Man
- -Bullish Engulfing
These 3 patterns are working together..How?? let me explain:
The bullish engulfing is showing the surpport level of this price action.Then comes in the hanging man.
The hanging man shows you the resistance level.
Its very clear to see on this chart that the price
has broken resistance and this is a very clear breakout.
That is what my mentor Tim Sykes usually says.Because he loves clear breakouts.
This 4 hour time frame is the key to entry
positions in short term trading.
Rocket boost this content to learn more.
Disclaimer:Trading is risky please learn risk management
and profit taking strategies.Also feel free to use a simulation trading account before you trade with real money.
Also do not use margin.
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