Hello everyone! Today I want to discuss with you the bullish movement or bullish momentum. The topic is interesting, and most importantly profitable!
Beginning of observations
To begin with, we need an uptrend. If you open long positions when there is an uptrend in the market, you will make a profit more often.
The best entry point will be a reversal, after correction. This is the moment we are waiting for.
The beginning of the correction will be marked by the renewal of the lows and the scrapping of the upward trend.
An imbalance appears on the chart, usually in the area of the level breakout..
Reversal+position opening
The beginning of an upward movement begins to emerge when the price cannot update the minimum and begins to form each new minimum above the previous one. In addition, the structure breaks down and an imbalance appears in the area of breaking the level up.
Long positions can be opened at these points.
If you did not have time to open a position or want to wait for a conservative opportunity to enter, you can open a long position when the price returns to the previously broken level and tests it again.
Goals
Previous highs may be the targets.
This price movement pattern is observed on all timeframes every day.
With the correct use of this method, if you have trained well and learned how to correctly identify these points, you will be able to earn.
Train, study and earn.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻