Hey Traders,
We'll show you how you can find an easy trade with a high risk-to-reward ratio using some basic concepts.
- Step One: Spot an uptrend where you have higher highs and higher lows.
- Step two: Spot the last break of structure.
- Step three: Use the Fibonacci tool and connect it from the recent lows to the recent highs.
- Step Four: Watch prices...
📍 Understanding an Uptrend
An upward trend provides investors with an opportunity to profit from rising asset prices. Selling an asset once it has failed to create a higher peak and trough is one of the most effective ways to avoid large losses that can result from a change in trend. Some technical traders utilize trendlines to identify an uptrend and spot...
📍 What Is an Uptrend?
An uptrend describes the price movement of a financial asset when the overall direction is upward. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs. As long as the price is making these higher swing lows and higher...
how to spot uptrend
1) adding a trend line in the chart which works as a support .
2) breaking of downtrend
HH : previous high
HL : previous low
trading uptrend market is simple
here HH is acting as a support so take time and add a zone at the higher high and analyze the candle (hammer , pin bar) perfect and at the bounce add some in to portfolio.
HL : price...
We have been witnessing correction right from the reaction zone specified in my previous post (refer above link).
Patterns observed:
In the current chart, I have been observing a Head and Shoulder Pattern and a potential ABCD pattern. The target for both these patterns lie right into the major resistance zone.
Support and caution:
On the support side...
