Clear rejection off trendline, looking for a good entry.
Setup:
We can see that the RSI has formed a horizontal support level, even though price had been going down, indecating more streagth than weakness.
This clear agressive rejection indecates price has now changed bias to the up side.
Entry:
Placing a limit order and waiting for a retest of last consolidation level in convergence with the short term trendline (dotted in blue).
Placing my stop loss just at the bottom of the last consolidation, as this would invalidate the trade intirely.
Placing my Take profit just below the last major resistance level.
With this entry, I am giving myself a 3.7RR
We can see that the RSI has formed a horizontal support level, even though price had been going down, indecating more streagth than weakness.
This clear agressive rejection indecates price has now changed bias to the up side.
Entry:
Placing a limit order and waiting for a retest of last consolidation level in convergence with the short term trendline (dotted in blue).
Placing my stop loss just at the bottom of the last consolidation, as this would invalidate the trade intirely.
Placing my Take profit just below the last major resistance level.
With this entry, I am giving myself a 3.7RR
交易結束：達到停損點
The bounce didn't work
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。