We have doji candle closed on weekly timeframe at weekly support area signaled us with bullish action. We need to ensure the price show the bullish momentum on Daily timeframe as well to support our bullish bias
Using simple entry technique
Step 1:
Waiting for the price to break above the descending correction
Step 2:
Waiting for HH & HL structure
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the Monthly Level
Using simple entry technique
Step 1:
Waiting for the price to break above the descending correction
Step 2:
Waiting for HH & HL structure
Step 3:
Entry point after 2 items above has fully satisfied with SL below the lowest candle. Use any indicator that suits you
* We may consider the price may retest the Monthly Level
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.