If the 4 hr candle breaks below the blue horizontal line on the chart, you can sell to my sell zone. PS: I'm just a newbie but I believe this method or strategy has earned me a lot.
Trade active:
As we can see, 4 hr candle wick touched the sell zone that might just have given us our take profit but then it's just a wick and I see the market going down still and once in my sell zone, you can ride to the targets as illustrated on my chart.
Kindly like and follow also.
Many thanks
Kindly like and follow also.
Many thanks
Trade closed: target reached:
Target is reached and we can take our profit.
But on the other side, if the candle would have closed below the sell zone, we could have continue selling to 28755 but as it is, I see a reversal and retest.
Kindly trade with caution.
Many thanks
But on the other side, if the candle would have closed below the sell zone, we could have continue selling to 28755 but as it is, I see a reversal and retest.
Kindly trade with caution.
Many thanks