This is just a technical analysis. No one has the ability to know the future.
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
The requirements of the strategy;
- The price must reach the target area (POINT OF X),
- RSI level should be in the overbought territory when the price comes to point of X.
- Price Must have come to X POINT by making Fibonacci retracements on 4-hour chart, corrections whichI signed in an analysis.
- Price should be near 200 periods moving average.
- Price Should be followed for 1 or 2 weeks
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
X POINTS are the targets to enter trades. If the price action reaches here there will be great shorting opportunities. I share two opportunities that are likely to happen to me. Exit points are very important. Risk reward ratio is personal. I recommend and use 1 to 3 risk-reward ratio. Ut your stops as your own risk profile.
Be Safe...
I prepare the entry and exit levels in my analysis according to my own risk profile. Risk profile and money management are personal matters. Everyone has their own risk perception. You should assess your risk profile and change if it's necessary. In capital markets, without money management, you just lose money. Do not start without knowing the money management because the losses will be much more dramatic if you are doing leveraged trades
The requirements of the strategy;
- The price must reach the target area (POINT OF X),
- RSI level should be in the overbought territory when the price comes to point of X.
- Price Must have come to X POINT by making Fibonacci retracements on 4-hour chart, corrections whichI signed in an analysis.
- Price should be near 200 periods moving average.
- Price Should be followed for 1 or 2 weeks
- If there is a discrepancy between these data, the analysis should be reassessed and modified if necessary. “No man ever steps in the same river twice!”
X POINTS are the targets to enter trades. If the price action reaches here there will be great shorting opportunities. I share two opportunities that are likely to happen to me. Exit points are very important. Risk reward ratio is personal. I recommend and use 1 to 3 risk-reward ratio. Ut your stops as your own risk profile.
Be Safe...