Hi friends, I hope y'all had a fantastic weekend ;)
Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed.
Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal".
Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade.
This is not financial advice, but if you interested in taking these trades with me, these are their signals:
BUY E.1@: 1728.48
Lot Size: 0.07
S.L @: 1720.28 (-0.43%)
T.P 4@: 1787.49 (+3.14%)
R/R/R: 1:4
BUY E.2@: 1741.00
Lot Size: 0.07
S.L @: 1732.37 (-0.46%)
T.P 3@: 1787.49 (+2.47%)
R/R/R: 1:3
To successfully manage the trades in cutting their loss short, follow this strategy:
-If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1)
-If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2)
To successfully manage the trades in letting the profits run, follow this strategy:
-If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1)
-If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2)
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.
Today, we're looking a beautiful short-term trend signal on this baby. This trend is derived from the weekly where the price recently closed with a bullish reversal candle pattern in the double tops 2nd level. Usually when the price closed in that manner, a counter-trend occurs that will retest previous broken and not retested key levels before trend continuation. In this situation, the price seem to want to do that, however, there is a probability for the counter-trend to not play out because as you know there's no certainty in the markets. With that said, let us discuss how these trades will be triggered and entirely dis-confirmed.
Bulls: -The price bearish bounced off the Mini Daily Half a Bat Neckline, 50 and bullish crossed short-term m.a's with a bullish reversal candle close that is followed by a bullish candle (1st trade); if that trade signal leads the price to rally to break and retest the 2nd 4H Key Lvl (2nd trade), that will fully confirm our bias. I call these trades a "Half a Bat B-E.1 & E.2 signal".
Bears: -If the price bearish breaks and retests the 1st 4H Key Lvl together with the 50 and bearish crossed short-term m.a's, that will dis-confirm our bias. Thus we won't be taking any trade.
This is not financial advice, but if you interested in taking these trades with me, these are their signals:
BUY E.1@: 1728.48
Lot Size: 0.07
S.L @: 1720.28 (-0.43%)
T.P 4@: 1787.49 (+3.14%)
R/R/R: 1:4
BUY E.2@: 1741.00
Lot Size: 0.07
S.L @: 1732.37 (-0.46%)
T.P 3@: 1787.49 (+2.47%)
R/R/R: 1:3
To successfully manage the trades in cutting their loss short, follow this strategy:
-If the price bearish breaks and closes below the Mini Daily Half a Bat Neckline, then you should close the trade...(E.1)
-If the price bearish breaks and closes below the 2nd 4H Key Lvl, then you should close the trade...(E.2)
To successfully manage the trades in letting the profits run, follow this strategy:
-If the price triggers the 2nd trade signal, then you should move the stop loss to B.E...(E.1)
-If the price triggers the Half a Bats C-E.1/E.2 signal, then you should move the stop loss to B.E...(E.2)
That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know your thoughts!
Stay Blessed,
Doji-2k1.