1. The candle closes at the all-time high, 2. and the next candle breaks that high, 3. closing as the first red candle. 4. The second red candle also confirms that selling pressure is increasing. 5. The third candle’s high does not break the low of the first red candle. 6. Now our resistance is confirmed. 7. According to the trade setup, we will take a...
Description: This setup on HFCL Ltd. demonstrates a resistance rejection pattern with a focus on high-probability sell trades. The steps in this trade idea are as follows: Candle Identification: We start by identifying a candle that has closed above the all-time high. Candle Confirmation: The next two candles should close below each other, confirming a...
In this Lupin sell trade setup , we are employing a systematic approach that ensures we trade based on a clear structure: Identifying Key Levels: The first step is to recognize a candle that has closed above the all-time high. This candle is crucial as it marks a potential exhaustion point or a possible reversal zone. Confirmation with Consecutive...
My Trading Philosophy: ✨ Simple but Powerful Rules ✨ Strict Risk Management Disciplined Execution Focus on Growth With a 1:5 Risk-to-Reward Ratio, even a few winning trades can double the capital. 📈 Current Setup in Gold: 🔍 I'm currently on the lookout for a 1:5 Trading Setup in gold based on my strategy. I believe it's forming soon, and in the last 2-3...