About 4 hours have passed from the previous recording.
On the screen, I am showing Daily chart, and H1 chart, this is M5 chart. Now, I have running profit of about $15,000, about 70 pips of profit from where I placed buy.
If you look at this M5 chart, the price has been bullish above MA20 right? The pink line. It’s been supported by this MA20 like a couple of times here, so my initial target would be until the price breaks MA20 downwards because that’s one of the signals when the momentum changes. But as long as the price touches MA20 and confirm it’s been supported and it keeps going up, I will keep holding the position.
Also, if you look at this H1 chart, you can also see the price has been on bullish momentum as it moves between Bollinger Band’s deviation 1 and 2, right? So we can also say that as long as the price moves upwards between these deviations, I will keep extending the profit. Alright, I will let the time go by and see how it’s gonna turn out.
Hi, I just started to record a video again as the price just started to go down. So let me take profit first and explain later.. hold on. alright, it ended up with like $6,000 of profit.
You know, I was a little away from the screen and look how fast it’s going down now. Like I said earlier, I was thinking to take profit when the price touches on this moving average, but oh well, it’s ok, as long as I don’t lose the game.
And looks like the price keeps going down and it’s strong. Wow,, it’s pretty strong… but my view is still on buy, there’s no reason to sell at this moment, like when there’s a W bottom or triple bottom down here in this M5 chart like this, or when there’s a pin bar appears like this, then I might be buying again. Anyways, I will just let the time go by until there’s any significant price action confirmed.