*The price is in the ascending channel in the weekly time frame
*Price hit the major trend line the bounce.
*Price is in the uptrend and break the minor trendline
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
*Price hit the major trend line the bounce.
*Price is in the uptrend and break the minor trendline
HOW TO TRADE:
1) Wait for the price to pullback to the structure
2) Watch the price action in the buying/selling zone, if the price shows a signal/rejection in the structure enter the trade.
3) Adjust stop loss to break even when the price already runs 1:1 RR ratio in our favor.
(Note: Do not enter the trade if the price do not come to the buying/selling zone).
This trade is using trend following strategy, Loss small, Win BIG.
Remember to always follow these rules: (1) Cut losses. (2) Ride winners. (3) Keep bets small. (4) Follow the rules without question. (5) Know when to break the rules.
You can always take your profit based on your own trading style. It's your call.
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.