SETUP 1: Break and retest of the resistance. Uptrend.
Entry: Bull Confirmation Candle at retest.
SETUP 2: Resistance.
Entry: Price has to form a bear candle when price reaches resistance.
These are very simple setups to follow, wait until price moves to setup point then enter if confirmations are appropriate. Ill be looking at the 15min time frame to see momentum and possible entry.
SL and TP will be taken based off Risk/Reward. My SL general rule is to move it to just above break even when trade hits half way or price starts to slow.
Entry: Bull Confirmation Candle at retest.
SETUP 2: Resistance.
Entry: Price has to form a bear candle when price reaches resistance.
These are very simple setups to follow, wait until price moves to setup point then enter if confirmations are appropriate. Ill be looking at the 15min time frame to see momentum and possible entry.
SL and TP will be taken based off Risk/Reward. My SL general rule is to move it to just above break even when trade hits half way or price starts to slow.
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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.