Good day traders,
Sorry there is no audio today!! I am in a café for a quick coffee and saw this potential setup and thought i would share it with the community :-)
So, we have a few trend lines drawn out on a higher timeframe that have been respected a few times before. Each time it has been respected it started a new trend on the lower time frame.
On the higher time frame daily chart i have pointed out the divergence!! And it oversold. So, due some sort of pullback. Here are my observations and some tips:
1.There are many different ways to trade this, you could have gotten off the rejection from the trend line after getting a change in structural movement and this would have played out perfectly.
2.On a low time frame when it arrives at the order watch for a change in structure again to go bearish from it, don’t try and capture huge trades, Get in and get out with your money and move on.
3.As shown in the video there is a potential W pattern forming but we can’t confirm that until it has been formed. We can’t predict the mark but rather be ready to react to it!! If the W pattern forms then find your perfect entry.
Thanks for watching the video and I hope this has been useful to many of you.
Please like and follow for more great content
#Getonboard #Alpha-Omega-Trading
Sorry there is no audio today!! I am in a café for a quick coffee and saw this potential setup and thought i would share it with the community :-)
So, we have a few trend lines drawn out on a higher timeframe that have been respected a few times before. Each time it has been respected it started a new trend on the lower time frame.
On the higher time frame daily chart i have pointed out the divergence!! And it oversold. So, due some sort of pullback. Here are my observations and some tips:
1.There are many different ways to trade this, you could have gotten off the rejection from the trend line after getting a change in structural movement and this would have played out perfectly.
2.On a low time frame when it arrives at the order watch for a change in structure again to go bearish from it, don’t try and capture huge trades, Get in and get out with your money and move on.
3.As shown in the video there is a potential W pattern forming but we can’t confirm that until it has been formed. We can’t predict the mark but rather be ready to react to it!! If the W pattern forms then find your perfect entry.
Thanks for watching the video and I hope this has been useful to many of you.
Please like and follow for more great content
#Getonboard #Alpha-Omega-Trading