Step 1 - wait for a break above 1.2770.
Step 2 - wait for double wave down on H1 or M15. The 2 waves must end with bullish divergence.
Step 3 - Draw a bearish trend line between the two waves down from step 2 and wait for the breakout. Once it breaks up, go long.
Stop loss - below last low created before the breakout.
Target 1 - 1.2820
Target 2 - 1.2950
Target 3 - 1.31
Step 2 - wait for double wave down on H1 or M15. The 2 waves must end with bullish divergence.
Step 3 - Draw a bearish trend line between the two waves down from step 2 and wait for the breakout. Once it breaks up, go long.
Stop loss - below last low created before the breakout.
Target 1 - 1.2820
Target 2 - 1.2950
Target 3 - 1.31
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.