wait price to break 2nd trendline.. after price break 2nd trendline, wait for retrace ment to "sell entry zone to entry"
The price needs to break the trend line as the signal indicates the trend will change. After the price breaks a trend line, the price will make a retracement. We will enter the market when the price is retrace. Setup will fail if the price makes a new higher. Stop loss is placed above the latest higher with the spread calculation according to the respective broker.
If we look at the TF M30, the price has made a sharp rise. The price should rest and go down to the EMA50. We take the opportunity to sell entry and make EMA50 TF M30 as the EXIT target
Price whatever trend it is will always return to ema50.. Price can make new higher high then go down to ema50.. We take opportunity to sell at higher price, then exit TP at EMA50 or little bit higher..
The price can continue to go up to touch the EMA50 H1 .. or it can also go down first to the bottom BB and then will go up to touch the EMA50 H1
as usual..we target EMA50 as our exit plan.. no matter what..price need to retrace (or return) to EMA50
time to return to EMA50 H4 .. the price can continue to rise to EMA50 H4 .. but can also go down to the support below first, then will go up to touch EMA50 H4
Price always return to Moving Average... it is already 3 bullish engulfing appeared.. so, it is confirmation for the price to go further UP.
Price will definitely return to ema50 H1.. if it goes down, it will definitely return to ema50 H1
if the price can break the trend line .. the price will make a retracement and go up..
As usual.. We take opportunity when price make lower low.. Because, after price make lower low.. It is high possibility for the price to retrace back to ema50
as usual, we will make EMA50 as our exit place. Our Trading Plan has only two things, entry and exit only. Our exit is only at EMA50 and can be profitable and can also be a loss. But mostly, we will be able to profit based on this strategy I use (more than 70% win rate). Please ignore my big SL as the actual exit is at EMA50 H4 for this analysis. there are two...
Go down n then go up....Go down n then go up....Go down n then go up....Go down n then go up....Go down n then go up....
Once again.. Price need to retrace back to ema50. It is two possibility, firstly, it just can go up to ema50 (yellow arrow). OR second possibility it can make new lower low before go back to ema50 (red arrow). But price is certainty return to ema50 H1. So, I choose buy position. Ignore my big SL, because my true exit is only at EMA50 H1..