Woooo. Finally a break and close above the resistance and this confirms a bullish flag trading opportunity.
The Bullish Bat pattern was spotted on the Daily Chart as early as 8 Jun 2020, patience is required when you are trading on a higher timeframe.
When we are new in trading, often not we engage 1 trade and look for the next product to trade, in fact by focusing on the winning trade it is important.
There are Pros and Cons to it(like any other strategy)
Pros:
1. It keeps your focus to 1 pair, the grand trade
2. Engaging the next trading setup trading on the same direction as the first trade you engaged may put your new trade to be at low risk or no risk trading setup as your downside has been covered by the initial trade.
Cons:
1. If market reverse after you had engaged your new trade it can wipe out your profits and you aren't in any other positions.
The Bullish Bat pattern was spotted on the Daily Chart as early as 8 Jun 2020, patience is required when you are trading on a higher timeframe.
When we are new in trading, often not we engage 1 trade and look for the next product to trade, in fact by focusing on the winning trade it is important.
There are Pros and Cons to it(like any other strategy)
Pros:
1. It keeps your focus to 1 pair, the grand trade
2. Engaging the next trading setup trading on the same direction as the first trade you engaged may put your new trade to be at low risk or no risk trading setup as your downside has been covered by the initial trade.
Cons:
1. If market reverse after you had engaged your new trade it can wipe out your profits and you aren't in any other positions.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker
Get into our 15mins workday community
discord.gg/AKDr9vPqH7
Live session & Trading Tips on the GO
instagram.com/raynlim/
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
