📊 How to use price action setup with INDICATORS?
👆 Follow the above setup that might be useful for a legitimate entry for short term trading.
1. Draw the trend line with most obvious touches and most number of candles.
2. Find the support- resistance levels.(area of value).
3.Determine the trend direction and its strength.
4. See at the support- resistance levels is there a buying or selling pressure. (Candlesticks patterns.)
5.Confirm and predict with any legitimate indicator that you use for your trading frequency. (For short term traders- stochastic oscillator.)
📈 Accordingly enter the trade buy or short with risk management.
👆 Above is an example for a SHORT TRADE SETUP.
#tradingstrategy #trendanalysis #Stochastic #priceaction
👆 Follow the above setup that might be useful for a legitimate entry for short term trading.
1. Draw the trend line with most obvious touches and most number of candles.
2. Find the support- resistance levels.(area of value).
3.Determine the trend direction and its strength.
4. See at the support- resistance levels is there a buying or selling pressure. (Candlesticks patterns.)
5.Confirm and predict with any legitimate indicator that you use for your trading frequency. (For short term traders- stochastic oscillator.)
📈 Accordingly enter the trade buy or short with risk management.
👆 Above is an example for a SHORT TRADE SETUP.
#tradingstrategy #trendanalysis #Stochastic #priceaction
How to use Fibonacci TOOL for entry?
● Identify the market structure - the trend.
● Wait for the breakout.
● Let the price retrace, Use Fibonacci retracement tool for entry trigger.
● Enter with a significant risk-reward of 1:2,1:3...
#fibonacci #trendanalysis #tradingstrategy
● Identify the market structure - the trend.
● Wait for the breakout.
● Let the price retrace, Use Fibonacci retracement tool for entry trigger.
● Enter with a significant risk-reward of 1:2,1:3...
#fibonacci #trendanalysis #tradingstrategy