SETUP 1: Break and retest of the trendline.
Confirmation: Retest to the trendline, doji, engulfing candles.
SL and TP: Adjust as trade progresses. If price moves up, SL will be set into profits for a risk free trade and TP would be moved higher.
This setup may execute today or tmrw depending on volume.
SETUP 2: Trendline, Resistance.
Confirmation: DOji, Engulfing candle.
SL and TP: Adjust as trade progresses.
Confirmation: Retest to the trendline, doji, engulfing candles.
SL and TP: Adjust as trade progresses. If price moves up, SL will be set into profits for a risk free trade and TP would be moved higher.
This setup may execute today or tmrw depending on volume.
SETUP 2: Trendline, Resistance.
Confirmation: DOji, Engulfing candle.
SL and TP: Adjust as trade progresses.