Setup
1. Define bias by trend.
Find Bullish Impulse = Price > moving average 20 > moving average 50
Find Bearish Impulse = Price < moving average 20 < moving average 50
Select the best ones, more clean, less spikes
2. Draw Trendline (zone) and find 3 touch (enter before touch them or at touch them or a little pass and reenter on trend channel)
Draw Fibo retracement ( pivot lines is 50% and 61,8%)
Stop Loss under 61,8 level
Target under last fractal
Draw stress zones by support – resistance or resistance - support
Draw supply and demand zones (price reaction at levels by banks and financial intituitions)
3. Enter on Engulf Candles
Enter on big candle with force
4. Min: Risk=1 Reward=2 (If necessary adjust time frame for that)
1. Define bias by trend.
Find Bullish Impulse = Price > moving average 20 > moving average 50
Find Bearish Impulse = Price < moving average 20 < moving average 50
Select the best ones, more clean, less spikes
2. Draw Trendline (zone) and find 3 touch (enter before touch them or at touch them or a little pass and reenter on trend channel)
Draw Fibo retracement ( pivot lines is 50% and 61,8%)
Stop Loss under 61,8 level
Target under last fractal
Draw stress zones by support – resistance or resistance - support
Draw supply and demand zones (price reaction at levels by banks and financial intituitions)
3. Enter on Engulf Candles
Enter on big candle with force
4. Min: Risk=1 Reward=2 (If necessary adjust time frame for that)
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.