I found a beautiful symmetric triangle pattern , traded with double size , holded for longer than usual .
This was a scenario when you are at the top of the peak of a mountain and you don't have any kind of support !!!
With 1% as target from entry , I got a perfect entry just below the resistance level .
Only for Bitcoin lover's !!! A nice breakout !!
It is a bullish formation pattern . Every time a breakout in this pattern gives a handsome profit !!
There was a clear Bull Flag formation on the 1 minute chart . The market helped me as the market was also trending higher.
TSLA was falling from a few days , so I did expect a pullback that is a long trade in it . As , I was hoping for that , I got some help from the market . The market opened gapped up and so did the TSLA. Just got a good entry and got what I was hoping for .
What is a trap ? A trap is a hype created by market makers for retail traders for making profit. After getting some big deal's , there has been a continuous selling pressure in Reliance industries i.e, a perfect trap kind of situation in Reliance for retail buyers who bought Reliance above Rs.2000/- What has actually happened in Reliance is a trap was made in...
From few days TCS was falling continuously . It need some pullback before falling any direction . That was the simple idea behind the trade . It worked exactly as the market itself was trying to rebound.
Market is in continuous down trend , so I was just expecting a pullback in the market . Here , it comes with some strong Bull's of the market. Got in at when FB was trying to break the day's high . A nice scalping opportunity with some profit's.
Market looked in immense pressure since it opened . At the same time TSLA was not able to move higher with the market that means it was weak today. Then , just a perfect entry along with the market for a beautiful day !!
Market opened gapped down then as usual it tried going higher . That's the time when short seller's like me look for a perfect short opportunity when the market fails.
Two open gap's were clearly seen on the chart of TSLA . Once the gap were closed , the stock started reversing that is what I was waiting for . I immediately jumped into the trade for a beautiful winner .
When you see a trade that has given a big move in any direction , then you just rush to take the entry if you have missed the entry . But , that is not the thing professional's follow. They just wait for the pullback and then with a good risk to reward ratio they enter the trade. Above is just one of the example .
Reliance has been falling since past few days . At that same level it consolidated for the whole day . It was a psychological support area , so buyers will try buying at that level . Keeping this in mind I took a bigger risk , with a big stop loss and I got what I deserved .
Watch following things in the cup and handle breakout video : 1.Formation of Cup and Handle pattern on the chart. 2.Live trading of cup and handle pattern 3.Entry point 4.Exit point 5.Stop Loss Thanks !!!
Scalping in BTCUSD || 22.10.2020 || 8PM (IST)
Trading a Bull Flag pattern in cryptocurrency for scalping !!!