Three Inside Down Trade Setup (Lesson)
Bearish Setup to look for on charts:
1) Price action at 20 ema & 50 ema
2) Price action is at a daily pivot point level
3) Nothing like watching a 225 pip profit happen, within 12 hrs of trading
4) Total of three candles involved ( 1 hour or 4-hour candlesticks are better to trade)
5) Set a Sell Limit on break out of the lowest candlestick
6) Set Stop loss 12 pips to 25 pips above entry price when PA is hit.
Good luck in trading and risk management is #1.
1) Price action at 20 ema & 50 ema
2) Price action is at a daily pivot point level
3) Nothing like watching a 225 pip profit happen, within 12 hrs of trading
4) Total of three candles involved ( 1 hour or 4-hour candlesticks are better to trade)
5) Set a Sell Limit on break out of the lowest candlestick
6) Set Stop loss 12 pips to 25 pips above entry price when PA is hit.
Good luck in trading and risk management is #1.