Here i'll show you one of my ways to finding set ups. Its very simple if you know what to look for. Most importantly - Keep it simple!
1/ Divergences.
Oversold or Overbought on at least of a min of 2x Time Frames.
Here you can see ive plotted 4h & 1h for confluence of Bear Divergence. Use Line chart and use only candle closes to mark you Divergence points, this is the most accurate way to do so.
2/ Moving averages.
I used Ichi Cloud & Williams Alligator also on multiple timeframes to find precise resistance and support levels, also match this with Volume to give confluence.
3/ Where does price want to go.
Find confluences of wicks, volume , imbalances, Fibonacci retracement or Extension
Here i used all of this. I used FIB extension. It could be a good point to go long, a good way to tell is do all these step again.
1/ Divergences.
Oversold or Overbought on at least of a min of 2x Time Frames.
Here you can see ive plotted 4h & 1h for confluence of Bear Divergence. Use Line chart and use only candle closes to mark you Divergence points, this is the most accurate way to do so.
2/ Moving averages.
I used Ichi Cloud & Williams Alligator also on multiple timeframes to find precise resistance and support levels, also match this with Volume to give confluence.
3/ Where does price want to go.
Find confluences of wicks, volume , imbalances, Fibonacci retracement or Extension
Here i used all of this. I used FIB extension. It could be a good point to go long, a good way to tell is do all these step again.
Note
Note
TP1 done based on Fib retracement. Thank you Market Note
Note
TP2 - letting the rest run. Thank you Market!Trade closed: stop reached
which was risk free! thank you Market
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.