Preparing your Chart for tradingHere is how I prepare my trading view chart for daily trading. I learned this from other phenomenal traders, and it has helped me greatly. I hope it helps you. With this basic setup of your chart you will have a good perspective for all time frames when you use your charting tools and technical indicators. Cheers
Chartsetup
Ford - time to buy?Contrarian buy in NYSE:F looks relatively attractive. We continue to see some very nice MACD divergence on daily and price has already retraced by 50% of the move up in early 2019. Today's bullish engulfing candle (if formed) might indicate first sign that the bottom is in.
Trade is to buy at current levels, with stop at around 7.4$ and target of around 11.5-12$. Stop is likely to be moved higher, if more evidence is received that the bottom is in.