Dxy - Educational ContentHey Traders,
#Educational Content,
Trendline: We can draw trendlines, bullish trendline by connecting minimum of 2 Swing low points as show in the image attached.
SMMA's - Smoothed Moving Averages: can be used as a support for the entries. along with the candlestick price action confirmations. when it touches the trendlines. as shown in the image above.
Candlesticks Pattern: We can use this confirmation for entries, when it creates a candlestick pattern as Double bottom, triple bottom, or any bullish rejections after it hits the SMMA's as shown in the chart image above.
Entries: - Entries Better entries shall be, once when its hits the SMMA's
Stop loss: Stop loss Can be always placed below the impulsive moves. in a trending market.
Targets: Targets can be set to the equivalent of the previous impulsive move/ to the Swing highs preferred firstly.
Confluence for the trade entries: We can look for entries once the prices hits our trendlines, SMMA's and candlestick confirmations as show show above.
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support.......
