🔍 Identifying Potential Buy or Sell Zones: In this step, you need to identify the zones that are likely to react and wait for the price to potentially reach them. ⏳📊
https://www.tradingview.com/x/PWKLSPax/
🌟 With the reaction to the first area, a buy trade is activated. 🌟
📝 Confirmations:
📉 Reaction to the expected area – Watch for a price movement hitting our anticipated zone!
🛠️ Formation of a combined hammer pattern – Look out for this powerful reversal signal!
📈 Formation of a bullish engulfing pattern – A strong indicator of upward momentum!
🔍 Trading Tips:
💡 High-risk stop-loss location:
👉 Place it below the candlestick pattern. At least twice the spread to ensure you're covered! 📏🔒
💡 Lower-risk stop-loss location:
👉 Place it below the expected area. Again, at least twice the spread for extra safety! 📏🔒
💰 Take-profit strategy:
👉 Base it on risk management mathematics, such as risk-reward ratios of 2, 4, and 6.
👉 Alternatively, observe reactions to past market areas, especially near important market highs and lows. 📊📈
🎯 Entry point strategies:
👉 Enter at the close of the confirmation candle.
👉 Or, set a limit order around 50% of the confirmation candle for a bigger volume opportunity! 📉📈
https://www.tradingview.com/x/eefollwf/
🌟 Buying in Two Phases: A Smart and Exciting Strategy! 🌟
🔹 Phase One:
When you reach a profit of twice the risk, exit the trade. Why? Because the Asian high has been hunted and the candlestick formed has a long upper shadow. 🌄💹
💡 Analysis:
The price hasn’t reached other zones yet and has risen in reaction to the first expected zone. Therefore, we expect a pullback and continued upward movement. 💪📈 So, I’ll place a second buy trade. 🚀💵
🔍 Confirmations for the Second Buy Trade:
A double bottom has formed, marked with an X. ❌❌
A small hammer candlestick has swept the double bottom. 🔨
A long positive shadow candlestick has swept the bottom and reacted to a small order block on the left. 🌟
💡 Tips for the Second Buy Trade:
Enter at the close of the long-shadowed doji candlestick or place a stop limit order above the long-shadowed doji candlestick. 📉📈
The stop loss should be below this candlestick. 📏🔒
🔹 Phase Two:
Next, the price has reached an expected reaction zone from where we expected a price drop. 🌐💡
🔍 Confirmations for the Sell Trade:
Reaction to the expected zone. 🔍
An inverse hammer candlestick reacting to the zone. 🔨
💡 Tips for the Sell Trade:
The entry point should be in a candlestick with a negative signal indicating a price drop. This hammer candlestick can indicate a decline. 📉🔻
The target can be a reward of 2 or the last price bottom. 🎯💰
The stop loss should preferably be behind the expected zone. 📏🔒
🔥 Important Points!!:
Since the price hasn’t deeply penetrated the zones, there’s a chance it might go higher or even mitigate this zone twice, ultimately turning it into a pullback for a further price rise. 🚀📈
https://www.tradingview.com/x/USXLAdri/
Continuing on, the price reached the upper zone area.
We expected a price drop from this zone, but it reached at 03:15,
which is outside our trading session. However, we could have traded on it.
🔍 Sell Confirmations:
The price has reached the expected zone.
An inverse hammer candlestick pattern.
💡 Interesting Fact:
If you had placed a limit order around the midpoint of the previous two zones,
you would have profited by now. So, for this zone, you can also place
a limit order around 50% of it.
Continuing further, other zones have formed below that could be useful
for new trades.
https://www.tradingview.com/x/Ii843pSA/
✨ Successful Sell Trade Achieved, Reaching a Reward of 4 Times the Risk.
📉 During the session continuation, the trend line was broken, triggering an upward price pullback.
🔹 Now, at the beginning of the session, we have a new zone, likely a selling order placement area. We're taking the risk on this zone. This time, we can place the trade around 50% of it. 🚀💼
https://www.tradingview.com/x/e2CXWyEE/
🔥 Alright, what's your take now? 🔥
🌟 Is the price reacting to this level or not? 🌟
🚀📈 or 📉💥
Where are the upper zones located?
What do you think? 🤔💬
https://www.tradingview.com/x/AiwIMvCg/
https://www.tradingview.com/x/PWKLSPax/
🌟 With the reaction to the first area, a buy trade is activated. 🌟
📝 Confirmations:
📉 Reaction to the expected area – Watch for a price movement hitting our anticipated zone!
🛠️ Formation of a combined hammer pattern – Look out for this powerful reversal signal!
📈 Formation of a bullish engulfing pattern – A strong indicator of upward momentum!
🔍 Trading Tips:
💡 High-risk stop-loss location:
👉 Place it below the candlestick pattern. At least twice the spread to ensure you're covered! 📏🔒
💡 Lower-risk stop-loss location:
👉 Place it below the expected area. Again, at least twice the spread for extra safety! 📏🔒
💰 Take-profit strategy:
👉 Base it on risk management mathematics, such as risk-reward ratios of 2, 4, and 6.
👉 Alternatively, observe reactions to past market areas, especially near important market highs and lows. 📊📈
🎯 Entry point strategies:
👉 Enter at the close of the confirmation candle.
👉 Or, set a limit order around 50% of the confirmation candle for a bigger volume opportunity! 📉📈
https://www.tradingview.com/x/eefollwf/
🌟 Buying in Two Phases: A Smart and Exciting Strategy! 🌟
🔹 Phase One:
When you reach a profit of twice the risk, exit the trade. Why? Because the Asian high has been hunted and the candlestick formed has a long upper shadow. 🌄💹
💡 Analysis:
The price hasn’t reached other zones yet and has risen in reaction to the first expected zone. Therefore, we expect a pullback and continued upward movement. 💪📈 So, I’ll place a second buy trade. 🚀💵
🔍 Confirmations for the Second Buy Trade:
A double bottom has formed, marked with an X. ❌❌
A small hammer candlestick has swept the double bottom. 🔨
A long positive shadow candlestick has swept the bottom and reacted to a small order block on the left. 🌟
💡 Tips for the Second Buy Trade:
Enter at the close of the long-shadowed doji candlestick or place a stop limit order above the long-shadowed doji candlestick. 📉📈
The stop loss should be below this candlestick. 📏🔒
🔹 Phase Two:
Next, the price has reached an expected reaction zone from where we expected a price drop. 🌐💡
🔍 Confirmations for the Sell Trade:
Reaction to the expected zone. 🔍
An inverse hammer candlestick reacting to the zone. 🔨
💡 Tips for the Sell Trade:
The entry point should be in a candlestick with a negative signal indicating a price drop. This hammer candlestick can indicate a decline. 📉🔻
The target can be a reward of 2 or the last price bottom. 🎯💰
The stop loss should preferably be behind the expected zone. 📏🔒
🔥 Important Points!!:
Since the price hasn’t deeply penetrated the zones, there’s a chance it might go higher or even mitigate this zone twice, ultimately turning it into a pullback for a further price rise. 🚀📈
https://www.tradingview.com/x/USXLAdri/
Continuing on, the price reached the upper zone area.
We expected a price drop from this zone, but it reached at 03:15,
which is outside our trading session. However, we could have traded on it.
🔍 Sell Confirmations:
The price has reached the expected zone.
An inverse hammer candlestick pattern.
💡 Interesting Fact:
If you had placed a limit order around the midpoint of the previous two zones,
you would have profited by now. So, for this zone, you can also place
a limit order around 50% of it.
Continuing further, other zones have formed below that could be useful
for new trades.
https://www.tradingview.com/x/Ii843pSA/
✨ Successful Sell Trade Achieved, Reaching a Reward of 4 Times the Risk.
📉 During the session continuation, the trend line was broken, triggering an upward price pullback.
🔹 Now, at the beginning of the session, we have a new zone, likely a selling order placement area. We're taking the risk on this zone. This time, we can place the trade around 50% of it. 🚀💼
https://www.tradingview.com/x/e2CXWyEE/
🔥 Alright, what's your take now? 🔥
🌟 Is the price reacting to this level or not? 🌟
🚀📈 or 📉💥
Where are the upper zones located?
What do you think? 🤔💬
https://www.tradingview.com/x/AiwIMvCg/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.