Find a momentum and draw a trendline. Spot what timeframe price has been respecting the EMA. ( I personally go for the 50 day EMA)
Watch for a breakout then wait for the retest of the trendline.
1st entry @ retest of trendline. Stop loss goes above the previous high before the breakout. Please note that price will also have to be below the EMA its been respecting for confirmation.
After a change of trend, price will have a short-term correction. This may be a variety of things like a flag pattern where you can also draw another trendline to watch for a breakout. Once price breaks trendline, you can get a 2nd entry.
1000pips was banked last week using this strategy in the group. ( link below)
THE CONFIDENCE TO TRADE AFTER A LOSS WILL BE THE REASON YOU SUCCEED 🙌
Watch for a breakout then wait for the retest of the trendline.
1st entry @ retest of trendline. Stop loss goes above the previous high before the breakout. Please note that price will also have to be below the EMA its been respecting for confirmation.
After a change of trend, price will have a short-term correction. This may be a variety of things like a flag pattern where you can also draw another trendline to watch for a breakout. Once price breaks trendline, you can get a 2nd entry.
1000pips was banked last week using this strategy in the group. ( link below)
THE CONFIDENCE TO TRADE AFTER A LOSS WILL BE THE REASON YOU SUCCEED 🙌
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let 12 years of experience do the job for you, join the winning team!
t.me/FXSJGOLD
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Trading made stress free..
let 12 years of experience do the job for you, join the winning team!
t.me/FXSJGOLD
instagram: fxsjgold
Trading made stress free..
