Price has different variables for "swing trading" and "scalping" as they do differ from each other
scalpers get good profit on "liquidation" at resistance, While swing traders look for other variables like what background is telling.
When overall trend is up and we saw a false "breakout" of Intermediate bracket, and then we saw immediate rise and background is very good or we have possible accumulation before the price breakout and after some ranges look for possible equilibrium point where demand and supply are almost equal. "Advertising mechanism" signals there is not enough sellers and price has to rise immediately.
Where you should enter for Intra-day technical opportunity in Forex.
Take a look at the Eur/cad chart below which tells us why we should enter
While everything is explained in the chart but still it is higher time frame and we should be worrying to enter, where we should look at the possible "area of acceptance", and we should look for strong engulfing or bullish hammer after rejection or rejection.
Other things come in mind whether that momentum will be faded out or not ?
Then we should look for possible points why that engulfing will be faded out, and one strong point here is trend is not strong enough and we are in possible range and that engulfing is not a breakout candle, so if that faded out then it has to fade out immediately and you look at next candle where it starts and its wick,the wick of the candle cover 20% of that engulfing which means taking out small stops.
If that candle turns out to be strong engulfing again (which it did), Then 60% of the chance that this momentum will carry out through-out the day.
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