Hi guys,
this is a simple trading setup. It all starts from higher timeframe, specifically daily, where we have a downtrend and a retest of the broken support that could now turn into resistance (yellow box). Given that, we all know that this is a key place to look for trading opportunities because it could yield great results with the help of the master trend. Therefore, i've gone down on lower timeframes and seeked for a nice setup. Here on the hourly chart, you can see there's a double top right at a Bat completion point, with RSI divergence. This is enough for me to enter the market short, with stops above the highs, and targets as shown.
If you have any idea/question, feel free to comment beneath.
Otherwise, see you in the next chart!
this is a simple trading setup. It all starts from higher timeframe, specifically daily, where we have a downtrend and a retest of the broken support that could now turn into resistance (yellow box). Given that, we all know that this is a key place to look for trading opportunities because it could yield great results with the help of the master trend. Therefore, i've gone down on lower timeframes and seeked for a nice setup. Here on the hourly chart, you can see there's a double top right at a Bat completion point, with RSI divergence. This is enough for me to enter the market short, with stops above the highs, and targets as shown.
If you have any idea/question, feel free to comment beneath.
Otherwise, see you in the next chart!
Dagangan aktif
Dagangan ditutup: sasaran tercapai
First target hit!Dagangan aktif
After being stopped at breakeven for my second position, i'm re-entering short (2618 strategy):Dagangan ditutup: hentian tercapai
Stopped out on my second trade
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.