4H Buy Opportunity on JPY/CAD : Trends Momentum Divergence
Trends Momentum Divergence - Checklist
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish / bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
The Market Sniper
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish / bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
The Market Sniper
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.