This is an example of how I enter trades. These setups provide the best trading opportunities because the risk reward ratio is huge.
On the left hand side, the weekly chart. Here there is a H&S pattern, a pattern that I use for long positions. I find it easier to trade this pattern from the long side, because most of them are fake. A bullish divergence was confirmed two weeks ago, but right now the impulse is still red. This makes this an anticipation trade.
In the middle, the weekly chart shows a possible double bottom. The impulse is still red, so the divergence and the double bottom are not confirmed. Again, an anticipation trade.
On the right side, the 4H chart has a confirmed class A bullish divergence, as the impulse is blue. Price closed above support.
This is the best timing I can find for a trade. The risk reward is absolutely huge.
On the left hand side, the weekly chart. Here there is a H&S pattern, a pattern that I use for long positions. I find it easier to trade this pattern from the long side, because most of them are fake. A bullish divergence was confirmed two weeks ago, but right now the impulse is still red. This makes this an anticipation trade.
In the middle, the weekly chart shows a possible double bottom. The impulse is still red, so the divergence and the double bottom are not confirmed. Again, an anticipation trade.
On the right side, the 4H chart has a confirmed class A bullish divergence, as the impulse is blue. Price closed above support.
This is the best timing I can find for a trade. The risk reward is absolutely huge.
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.