What's good TRADINGVIEW family, I spotted a profitable Bearish Candle on (August 20, 2022), that has the potential for a 46.02% return on investment. (Here are my 3 reasons)
*This bearish candle has these 4 principles - 1. The (RED MA) is above the bearish candle and (BLUE EMA), 2. The Bearish Candle has a flat top, 3. The Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than the last bearish previous wick.
2. This Bearish Candle has 4 effective indicators which increase the probability of a successful sell trade
3. This Bearish Candle has 3 advantages over the last bearish candle
1st Advantage = The (RSI INDICATOR) ON THIS BEARISH CANDLE IS LOWER THAN THE LAST BEARISH RSI (5), BY 2
2nd Advantage = The (DMI INDICATOR) ON THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH DMI (94), BY 4
3rd Advantage = The PREVIOUS WICK OF THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH PREVIOUS WICK (5), BY 6
*2 RESISTANCE LEVELS - WHICH THE PRICE OF AXS HAS RESPECTED THAT WILL PROTECT THE PRICE FROM HITTING MY (S.L)
(SHORT POSITION)
Entry Price: $14.78
Stop Loss: $15.92
Take Profit: $8.34
Position Size: $200 (invested)
Buomkuoth Reath - August 29, 2022 - 9:05pm
*This bearish candle has these 4 principles - 1. The (RED MA) is above the bearish candle and (BLUE EMA), 2. The Bearish Candle has a flat top, 3. The Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than the last bearish previous wick.
2. This Bearish Candle has 4 effective indicators which increase the probability of a successful sell trade
3. This Bearish Candle has 3 advantages over the last bearish candle
1st Advantage = The (RSI INDICATOR) ON THIS BEARISH CANDLE IS LOWER THAN THE LAST BEARISH RSI (5), BY 2
2nd Advantage = The (DMI INDICATOR) ON THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH DMI (94), BY 4
3rd Advantage = The PREVIOUS WICK OF THIS BEARISH CANDLE IS GREATER THAN THE LAST BEARISH PREVIOUS WICK (5), BY 6
*2 RESISTANCE LEVELS - WHICH THE PRICE OF AXS HAS RESPECTED THAT WILL PROTECT THE PRICE FROM HITTING MY (S.L)
(SHORT POSITION)
Entry Price: $14.78
Stop Loss: $15.92
Take Profit: $8.34
Position Size: $200 (invested)
Buomkuoth Reath - August 29, 2022 - 9:05pm
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*2 RESISTANCE LEVELS - WHICH THE PRICE OF AXS HAS RESPECTED WILL PROTECT THE PRICE FROM HITTING MY (S.L)