As is shown on the chart we have a QM setup right at the bottom extreme point.
Two types of entry could be taken into consideration:
First one is a risky entry once price reaches our entry, we enter a long trade with no hesitation whatsoever.
Second one is a confirmation entry trade which means in lower time frame like 5 or 1 min we spot a reversal and then jump into a long trade.
Two types of entry could be taken into consideration:
First one is a risky entry once price reaches our entry, we enter a long trade with no hesitation whatsoever.
Second one is a confirmation entry trade which means in lower time frame like 5 or 1 min we spot a reversal and then jump into a long trade.