If engulfing bullish @ close of 4 hour - BUY

An upward trend with a harmonic (black dotted line) move. IF AND ONLY IF an engulfing bullish candle 4hr chart close (in next 1.5 hours), buy and go long.

Stop Loss: 35 Pips
Take Profit: 60 Pips

Commentaire:

Looks like we finally got a close above the consolidation @ 15 min chart! Am now in long!

Commentaire:

Trade fermée manuellement:

The reaction at the previous swing high leads me to believe this could be a double top and I've closed my long position in some profit .rolled my stops up once it got to previous swing high (current double top).

I am now short:

Commentaire:

I thought I saw a double top and manually closed out my position and went short. This idea ultimately was successful as the double top never held true.