2nd signal / trend following / Strategy Short entry - Second signal is below the red MA Long entry - Second signal is Above the red MA
Rejection spike formation offering a 1 to RW equal to the length of the spike wick formed at resistance
Next 4 mth candle to fill the previous wick / Anticipating a break topside of the wedge formation
*idea Testing BB% Resistance. Wait for a Break and close above
*idea Testing BB5 support for a possible rejection at a clear resistance level supported by a reversal candle formation on the daily. I'll be looking to short with a clean break and close below the underlying trend following divergence.
*idea - Looking for a 1.18 retracment off major resistance following divergence
VIDEO - www.chartlessons.com Another junk mail strategy that arrived in my inbox that is amazingly simple to execute. Thought I'd share it with you guys same as I id with the 'Rejection Spike strategy For use on Tradingview instead of MT4
1. Price crosses moving average & Rejection 2. Enter short on signal 3. 1 Min Time Frame= 1 min expiry + * Dont rely on signals / Trade what you see / Price action *Use ma's as support = rejection