Long - swing trade with 1H and 4H

9 févr.

I just entered a long position mainly based on the chart set up in the 4H and 1H charts.

Daily (I always check daily)
Stochastic has reset and is moving to the upside.

4H
All 4H momentum indicators are clearly moving to the upside.
The 4H stochastic has just entered the bull zone, which gives enough time for the price to move up in the 1H chart.
4H candle closed above EMA 21.

1H
1H momentum indicators are all in the bull zone.

10 févr.

Trade fermée manuellement

Closed manually before it goes into loss.

The price is trapped in a symmetry triable in 1H chart. The price is under too many structural barriers as below:

1) below EMA 200 in 1H
2) below the descending trendline in 1H
3) horizontal resistance line around $203
4) below Fib 0.764 in daily