[00:03] free trading exercises. To do this, I'm going to choose the asset that's paying the most, and then we're going to look to take some trades there. Let's start by analyzing the general context. And in this case, we find ourselves within a [00:16] range structure. In fact, we're going to place a resistor over here. Look, there's something curious going on here: the resistance was recently broken here and the market is insisting on going up. So, of course, why not? We're going to look for [00:30] some buying opportunities. We're going to enter here hoping that the price will try to follow the upward movement after breaking the resistance. The thing is, look, these candles here, these candles here are very powerful candles. [00:44] So, this already begins to define the price's intention to break the range we very large rank, one that has lasted a very long time; ranks don't last that the market is trying to break out to the upside. Let's take [00:59] advantage of that persistence. This movement here is also quite strong. This is a very strong movement. In this case, the price breaks through the resistance and does so with strong candles. So, that adds to the likelihood [01:13] getting trapped, that range-selling institutions that are drop have gotten caught with these two strong candles. That means the rising. Let's see how [01:27] triple formation and I'm going to wait, I'm not going to wait yet. Let's see if, even after the triple formation, which usually attracts counter- trend traders, we can see what happens in the next candle, because look, if this [01:40] candle ends up like this, look what I do when I analyze. I draw this here like this . If this candle ends up being bearish, especially if it breaks the low of the previous candle, I do this and copy and paste the line here, for [01:53] example. So, if this candle had ended like this, downwards, then in that case I could maintain what I'm observing here, the channel I'm It's ending, it's ending pretty big. Ah, let's see. We're going [02:07] If I see a rejection, I'm going to buy. Look, let's wait because maybe this leg, this impulse, measures similar to this one here. Let's see. Yes, look, it's a pretty similar size. So, there may be a pause. I'll wait. If there is [02:22] no profit-taking, that is, if there is no bearish candle, we will buy on the next one. Very good. We're going to buy on the next candle right now, as we're seeing an acceleration in price here. I know these candles here look like they're [02:38] burning out, but remember what I just told you is happening. I just told you this whole structure, don't forget it, don't forget it, this whole structure is of rank, it has [02:50] lasted a very long time. So here, look, the price couldn't even return to the mid-range and is insisting on going up. In other words, insisting on going up. In other words, here in this part it is insisting on [03:04] going up because it is creating higher lows . The market starts off very strongly here, and range sellers in this resistance area will try to push it down. Those range sellers got [03:18] stuck with these two candles of strength, and then when the price couldn't touch this point where the sellers entered and got stuck, point. Now the trapped sellers are losing a lot of money as the [03:32] price starts to rise. So, when we look at these two strong candles, seeing an acceleration in the market. are giving up, and that could cause the price to rise much further. Right now I'm going [03:47] trade yet. We might have a bearish candlestick pattern, and if not, well, to buy. This could have caused a setback, but it doesn't; it causes an acceleration. So, it's perfect [04:00] for us to look for a purchase opportunity. Ah, yes, we had reached that mention that to you. We had this momentum, we measured from here at the start, it reached the target distance and accelerated even more. So, it's perfect. [04:16] Now, look at the Let's see here we can buy. If I get rejection, we'll go into buying. Oh, no, no. It went up a lot, it went up a lot. Let's see, wait, wait, wait. Now that we know [04:28] this is the range that was being respected before, the new target distance will be the resistance area of ​​that range. So, for example , look, the target distance [04:42] is going to be the size of this range here, projected this range here, projected from here, from its maximum upwards. So remember, this is the range, this is its maximum, this is its [04:56] minimum. So, from the maximum that was just broken in this part, from that maximum we are going to project what the range measures. We're going to project it upwards, and that's going to be one of the buyers' objectives. This, [05:12] this, I don't know if this asset is OTC, no, it doesn't say anything about OTC there. That's perfect. Okay, let's see what the price does now. Look, thank goodness we didn't buy anything at the inside bar, it failed. And now the result in this next [05:26] candle is a doji. It's not a sign of strength. No, I'm not going to sell either acceleration in price. I'm not going to sell, but I will be keeping an eye on what but I will be keeping an eye on what might happen here. 1, two, three. Okay, [05:39] look, here we have, look, what I'm doing right now is counting one impulse, two impulses, three impulses. Well, it could have gotten this far. Three impulses, four impulses, five impulses and this fifth impulse is very strong, it is very [05:52] large. We may have a pullback soon, it's possible, but that's why I need to wait for these candles to finish now. Let's see what happens. Oh , okay. I like this candlestick, but it's going to make me buy against a [06:07] being a bullish candle, it's not going to make me buy against a master candle's resistance, and that's dangerous. Uh, this here is the master candle. Ah, if this candle ended like this, [06:21] I could take the risk hoping that the price will continue to rise, because the price to return to the support of the master candle, but it doesn't end like this, it ends up being a weak candle. Okay, let's see what the next one does. [06:35] let's see what the next one does. Patience, patience. Oh dear buyers can't keep going up . Do you realize? I'm not going to sell here, because we're not seeing that much bearish force yet, but look, [06:52] the buyers tried to go up once, they tried to go up a second time, but with a lot of weakness. Now, of course, the price starts to drop. Ah, maybe I'll try to reach the EMA because we have [07:11] uh, it could be. Let's see what's happening here at the master candle holder. This good information. in the master candle holder. If she manages to break through with a good body, I would dare to enter into a sale. I would dare to enter a short position [07:24] . But let's see what happens. Let's close it further down. We need it to close a little lower. No, no, no. He's leaving. There is neither power for buyers nor power for sellers. We'll [07:37] wait a little longer. We have one more trade to go to make a profit. Let's see. We could try to sell. There is no support right now. The price is finally breaking through. [07:50] The price is finally breaking through. Let's see. Okay, something, I need it to go up. It's been a long time here at that point. [08:05] I needed it to go up because the candle has a risk of becoming a doji. When it stays like that for a long time in the same spot, it can become doji. So we have to be careful with that. We're going to use Fibonacci. In this case we are going to use the [08:19] Fibonacci extension to be able to determine some other support and resistance point. Look, 50% is right at the EMA, right at the EMA. Oh dear , oh dear, oh dear. See? See what I was telling you? [08:34] I need a good entry point because the candlestick pattern could end up being a doji. And it happened. So, be careful, uh, it's a good example, it's a good experience. Okay, let's just mark it. I find Fibonacci annoying. We're just going to mark [08:49] 50%. We're going to color it yellow and mark 38%, which is where it's reacting right now, and we're going to color it green. I don't know [09:02] and we're going to color it green. I don't know what color that is. Aqua. Mm. And we're going to Ready. Now we'll wait to see if there's upward momentum. Let's look at a candle, a star, for example. Let's look at a good candle. [09:20] star is about to undergo surgery. Let's wait for a lower entry point, a small pullback again. Look. Okay, okay. Uh, no, no, no. He went away. I hope he [09:33] backs down again. Don't go. I was going to go into the operation, but OK, now we're going to go in. I was going to go into the operation, but I stopped for a second because there might be a rejection, which there actually [09:47] was. Look, the worst-case scenario is out there, that's my entry point right now, and it's we can wait for a good entry point. The point is to win, right? Because from my perspective it's a very good [10:00] deal. The signal candle is beautiful, it has a good body. Now I'm going to 's a good deal, but of course, anything can happen. I might strongly reject it right now, anything can happen , but I believe I have [10:14] the probability of success in my favor. And we have a positive trade there to end our session on Wednesday. Now, what I was good body. What do I mean by that? Let's [10:28] see, look at these. Deil, weak, of good as this one. That would be nice, wouldn't it? Seeing a candle like that, for example, 's not a bad candle. If it had been a doji, for example, a candle with this [10:43] body, with this body, with these bodies, no, it's not worth it, okay? good candle, it has wicks on both sides, but they're quite small. Uh, the star is forming , classic, classic [10:56] indicates that the pullback has ended, where the market, well here it had one, two and this would be the third attempt to go up with a star signal as a confirmation. And we expect the price to try to reach this area of [11:10] highs at a minimum. That is the current objective and we have it there. And that's how trend. I think this asset was performing very well. I've seen it before, but it usually trades for 5 or 10 minutes, [11:24] minute and it has a good movement. We have been able to take full advantage of it, and price action applies very well to it. It can be analyzed. Obviously not, it's not always the case. On this occasion, we were lucky enough to find an easy-to- [11:38] read scenario like this one. Obviously, I didn't do a super quick session, but I think I did a pretty good session where we were able to take advantage of a brings us to the end of the video. I want to know what you prefer to operate on. [11:52] Do you prefer to trade trends or do you prefer to trade ranges? Or maybe you have a single pair that you trade every day, and that's why you're constantly facing different scenarios. If any of those apply to you, let me know in the comments and I'll be [12:04] reading them. Alright traders, I wish you a great afternoon. traders, I wish you a great afternoon. Take care. See you.