📊 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