🤮 Top red line is current major Resistance and we are already showing potential signs of exhaustion for price continuation.
This is what we would call a range play on the Crossover strategy as the candle begins to fire red and showing signs of the Crossover. The ema dots are also firing red. These are the type of plays we look fo. Use the height of the candle as a stoploss or exit the short if the candle flips back up to green.
We like to use the 3day because as you can see it cuts out most of the noise, typically a safer trade to take trading larger timeframes vs lower timeframes.
We like to use 1-2% and sometimes 3% stoploss. Usually a 1% move back up will shift the Crossover strategy to show you signs of exit. It's all about playing the turning points in the markets and risking that small amount and riding the gainers. You will Capture the major trends even if it were to flip on you and get stopped out for a 1 - 2% loss. As of now we look bearish. Preferably we would like to play the reversals at the edges of major support and Resistance, but it is an opportunity.
If the ema dots go green and candle gles green then you would look to play the bulls.
Do not let the trade get away from you if it goes bad. Risk management is key! More important than anything!
Never go all in on one position and never marry a bad trade!
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
This is what we would call a range play on the Crossover strategy as the candle begins to fire red and showing signs of the Crossover. The ema dots are also firing red. These are the type of plays we look fo. Use the height of the candle as a stoploss or exit the short if the candle flips back up to green.
We like to use the 3day because as you can see it cuts out most of the noise, typically a safer trade to take trading larger timeframes vs lower timeframes.
We like to use 1-2% and sometimes 3% stoploss. Usually a 1% move back up will shift the Crossover strategy to show you signs of exit. It's all about playing the turning points in the markets and risking that small amount and riding the gainers. You will Capture the major trends even if it were to flip on you and get stopped out for a 1 - 2% loss. As of now we look bearish. Preferably we would like to play the reversals at the edges of major support and Resistance, but it is an opportunity.
If the ema dots go green and candle gles green then you would look to play the bulls.
Do not let the trade get away from you if it goes bad. Risk management is key! More important than anything!
Never go all in on one position and never marry a bad trade!
Best of luck to you! 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
