Step 1- Apply Indicators to Chart:
Step 2- Identify the Trend. Price Action needs to break the three Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
We saw the pull back already occur so this looks like a good place to enter a Buy Trade.
- *20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break the three Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
We saw the pull back already occur so this looks like a good place to enter a Buy Trade.
Trade active
Trade closed: stop reached
Stopped out. We will regroup and try again!
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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.
Related publications
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.