✨Trading setup for Novice traders and things to keep in mind befor initiating your trades.
▪︎Identify the trend and its support/ resistance levels.
▪︎Confirm with a significant signal generated by indicators you use.
▪︎ Manage your risk and let the trade win.
#technicalanalysis
#trendanalysis
#tradingstrategies
#riskmanagement
▪︎Identify the trend and its support/ resistance levels.
▪︎Confirm with a significant signal generated by indicators you use.
▪︎ Manage your risk and let the trade win.
#technicalanalysis
#trendanalysis
#tradingstrategies
#riskmanagement
A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts.
A morning star forms following a downward trend and it indicates the start of an upward climb.
It is a sign of a reversal in the previous price trend.
Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators.
Looking these kind of price action near the support or resistance in confluence with indicators will give the insight of the strength and the reliability of the price formation.
#technicalanalysis
A morning star forms following a downward trend and it indicates the start of an upward climb.
It is a sign of a reversal in the previous price trend.
Traders watch for the formation of a morning star and then seek confirmation that a reversal is indeed occurring using additional indicators.
Looking these kind of price action near the support or resistance in confluence with indicators will give the insight of the strength and the reliability of the price formation.
#technicalanalysis