Naked trading to be traded automaticaly using ea or manually wait for levels...
as we can see on chart there are 3 trendline....
1 . TS > above price describes overbought levels and from where we expect price to return back to follow the pattern towards support zone > so we sell on touch of that line..
2. BS > Intermediate support trendline which is helping price to move higher , if price breaks below that line we can expect price to move lower to test major trendline which is supporting overall bullish price action.
3 . TP > tp line should support overall bullish price action and if price break below that then our bias of trend will change from bullish to longer term bearish .. therefore we are using that line as our Final take profit...
more updates on this setup soon when trigger event is seen..
thanks..
as we can see on chart there are 3 trendline....
1 . TS > above price describes overbought levels and from where we expect price to return back to follow the pattern towards support zone > so we sell on touch of that line..
2. BS > Intermediate support trendline which is helping price to move higher , if price breaks below that line we can expect price to move lower to test major trendline which is supporting overall bullish price action.
3 . TP > tp line should support overall bullish price action and if price break below that then our bias of trend will change from bullish to longer term bearish .. therefore we are using that line as our Final take profit...
more updates on this setup soon when trigger event is seen..
thanks..