CrudeoilM1! ShortThis is Crudeoil Short Trade;
In This Trade you Clearly looks for "Mother Setup" - (Trend+Momentum+PriceAction+Strength)
How i Identify this Trade:
First of All, I look in 125 min chart:
This is a Sync of Strength + Trend(Long&Short), Then Can be Bullish or Then can be Bearish;
after that, If I Find a Good Sync of Strength + Long Trend + Short Trend (in this Case, We find Bearish)
then, i Go for Smaller TimeFrame(15min):
in Smaller Chart, There Should be a Same Sync as in Long TimeFrame;
means(in this Trade) --> Both the Clouds are Bearish and Strength is Also Bearish in Table
How i Plan the Trades:
For Execution: first of All i plot Pivots of All Time Frame; like Traditional(Auto, Daily, Weekly, Monthly) + Fibbonaci(Auto, Daily, Weekly, Monthly) then i mark all the levels near price;
we can also use Fibbonacci Retracements or Extensions for finding levels
After Major Breakdown i Enter to the Trade(Bearish Trade) with BgRainbowMomentum ;
After Major BreakOut i Enter to the Trade(Bullish Trade) with BgRainbowMomentum ;
Targets are Major Levels;
Sl will be Last 3 Candles(Entry candle+2nd last+3rd Last) Highest point of Entry Candle(Bearish trade)
This i Very Simple and Quite Good Setup to Trade; because there are All the Keys to Success:
Trend + Momentum + PriceAction + Strength
