How To Trade Using Four Support Levels
Price closed above EMA 10 Level, Support Level, and EMA 20 Level.
After price closed above EMA 10 Level, Fibonacci Level, Support Level, and EMA 20 Level, wait for price to retest those four levels on a pull back. Enter a market execution order after the rejection candlestick closes on the H4 Time Frame. Take Profit at the Measured Objective. Set Stop Loss below low price of rejection candlestick and ema 20 level.
The Support Levels are:
EMA 10 Level
EMA 20 Level
Horizontal Level
Fibonacci Level
The Measured Move and Measured Objective is determined by the height of the double bottom.
After price closed above EMA 10 Level, Fibonacci Level, Support Level, and EMA 20 Level, wait for price to retest those four levels on a pull back. Enter a market execution order after the rejection candlestick closes on the H4 Time Frame. Take Profit at the Measured Objective. Set Stop Loss below low price of rejection candlestick and ema 20 level.
The Support Levels are:
EMA 10 Level
EMA 20 Level
Horizontal Level
Fibonacci Level
The Measured Move and Measured Objective is determined by the height of the double bottom.