SHORT ENTRY requirements
• Short when price is below the 8 & 200 EMA in H4 and below 8,16,24, 64 & 200 EMA in D1
STOP LOSS & TAKE PROFIT; EARLY EXIT
• Stop Loss – Use Trailing Stop Loss Multiple of ATR; Account risk per trade – 0.25 to 0.5%
• TP1 – RR 1:1 / TP2 – move SL to break even then trail profit or RR 1:2
*** You may refer to weekly timeframe for added confidence. Long – price above 8 EMA in Weekly, Daily and H4. Short – piece is below 8 EMA in Weekly, Daily and H4.
• Short when price is below the 8 & 200 EMA in H4 and below 8,16,24, 64 & 200 EMA in D1
STOP LOSS & TAKE PROFIT; EARLY EXIT
• Stop Loss – Use Trailing Stop Loss Multiple of ATR; Account risk per trade – 0.25 to 0.5%
• TP1 – RR 1:1 / TP2 – move SL to break even then trail profit or RR 1:2
*** You may refer to weekly timeframe for added confidence. Long – price above 8 EMA in Weekly, Daily and H4. Short – piece is below 8 EMA in Weekly, Daily and H4.
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.
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.