Hey all traders,
One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken.
Here is an example of an Ethereum mini-channel on a 4-H timeframe.
A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D
As long as the main channel (big downtrend channel) doesn't change its direction or the price chart does not cross the support and resistance lines of this channel (breaking the trend lines),
this trade and this setup are valid and active.
Below is a brief explanation of the entry and exit prices...
From up to Down
The Stop Loss is higher than the last week's highest price | $1728.00
Entry price is slightly below the minimum price of the chart, after breaking the trend line in the uptrend mini-channel | $1335.00
The last Target is $1150, which is equal to the Fibonacci 2 ratio in the daily time frame.
Good Luck
---------------------------------------------------------
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
One of the good positions and setup for trading (in futures) is to enter after the channel lines (support and resistance lines ) have broken.
Here is an example of an Ethereum mini-channel on a 4-H timeframe.
A small uptrend channel in a very large downtrend channel, which we call a mini channel ( or Just I'm Call it ! ) anyway :-D
As long as the main channel (big downtrend channel) doesn't change its direction or the price chart does not cross the support and resistance lines of this channel (breaking the trend lines),
this trade and this setup are valid and active.
Below is a brief explanation of the entry and exit prices...
From up to Down
The Stop Loss is higher than the last week's highest price | $1728.00
Entry price is slightly below the minimum price of the chart, after breaking the trend line in the uptrend mini-channel | $1335.00
The last Target is $1150, which is equal to the Fibonacci 2 ratio in the daily time frame.
Good Luck
---------------------------------------------------------
Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
