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Sell-setup

Reversal Setup?The Rules of this Trading Strategy Are: Step One: Find the currency pair that is showing a high the last 50 candlesticks . (OR low depending on the trade) Step Two: When we find 50 candle low, it needs to be coupled with RSI reading around 20 or lower. (If it’s a high it needs to be coupled with the RSI reading 80 or higher.) Step Three: Wait for a second price (low candle) to close after the first one that we already identified. Step Four: Wait for the price to head in the direction of the trade and wait for a candle to close above the first candle that you identified that was previous 50 candle low. Step Five: Place Stop Loss-This strategy follows a 1 risk to 3 reward ratio entry/exit points. Yesterday we had this idea but it bounced off of the trend line. We modified our entry for another potential sell area. potential sell @1.88391 TP @ 1.86869 SL @ 1.88876
Short
by Tradingstrategyguides