Hi all,
This is a simple trade plan to identify bull impulse failure. The same can be applied on bears as well.
1) Price made significant move upside
2) Retracement made higher high
3) Price breaks fresh low after higher high (turned highest high)
4) Place sell limit on previous swing high point
Please leave a like or comment if you like to see more of such trade plan.
Regards,
Pcube
This is a simple trade plan to identify bull impulse failure. The same can be applied on bears as well.
1) Price made significant move upside
2) Retracement made higher high
3) Price breaks fresh low after higher high (turned highest high)
4) Place sell limit on previous swing high point
Please leave a like or comment if you like to see more of such trade plan.
Regards,
Pcube
Trade active
Trade active
TP1 hitTrade closed: stop reached
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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.
Related publications
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.