[Zhi Ming Liu FX] Good children must not imitate! Counter-trend entry opposing the long-term chart
First, please see yesterday's entry point!
Counter-trend Short Entry Against the Long-Term Trend
This is the trade of the pound-dollar at the very bottom of the above history,
and the entry is the red vertical line in the image.
This is a 15-minute chart,
which recently formed a strong upward wave
and is in an uptrend both according to Dow Theory and MA indicators.
normally, the entry method I recommend is,
after a short decline, when it rises again, to follow the trend on the lower time frame
I recommend this method.
However, this time,
I thought there might be people who want to see counter-trend trades too,
so I deliberately entered on the short side.
That is here
Only when there is a basis as written in the image
can a counter-trend entry be made.
However, if you only look at the 1-minute chart, it becomes a trend-following scenario.
Being able to do this allows you to make a profit not only on buy entries but also on sell entries
even within an uptrend.
For those who want to buy and sell on the 1-minute scalping
I think having this entry pattern will increase your chances even more ♪
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