1.Bullish Divergence at 4h
2. Bullish divergence also at 1H
2. Price bounced back from Support 1(S1)
Method 1
We can enter at support level 1 for long.
We can put a stop loss below the support 2
We can short it from Resistance 1.
In this case, we can add stop loss above the
resistance level 2
Method 2
We can enter at support level 2 for short.
if it went for strong bearish.
We can put a stop loss above the support 1
We can Long it from Resistance 2.
if it went for strong bullish.
In this case, we can add stop loss below the
resistance level 1
2. Bullish divergence also at 1H
2. Price bounced back from Support 1(S1)
Method 1
We can enter at support level 1 for long.
We can put a stop loss below the support 2
We can short it from Resistance 1.
In this case, we can add stop loss above the
resistance level 2
Method 2
We can enter at support level 2 for short.
if it went for strong bearish.
We can put a stop loss above the support 1
We can Long it from Resistance 2.
if it went for strong bullish.
In this case, we can add stop loss below the
resistance level 1