with supertrend, rsi, re-test and/or breakouts of trendline, we can plan ahead our trades with a simple strategy and technique. with single candle patterns like hammer, inverted hammer, dragonfly doji, bullish spinning top. and engulfing and harami bullish for double candle patterns
by the way, how to enter trade? as usual, after confirmation of everything set stop loss below the trendline. this is 2:1 R/R (reward risk ratio) set take profit times 2 of stop loss. adjust from time to time the stop loss to minimize losses, you can adjust take profit too if you like.
Disclaimer:
This is not a piece of financial advice.
"Plan your trade.
Trade as per your own terms and conditions.
Don't put all your eggs in one basket.
An important tip is that, as you wait, you should not chase the trades, let them come to you." compiled by: juliefa
by the way, how to enter trade? as usual, after confirmation of everything set stop loss below the trendline. this is 2:1 R/R (reward risk ratio) set take profit times 2 of stop loss. adjust from time to time the stop loss to minimize losses, you can adjust take profit too if you like.
Disclaimer:
This is not a piece of financial advice.
"Plan your trade.
Trade as per your own terms and conditions.
Don't put all your eggs in one basket.
An important tip is that, as you wait, you should not chase the trades, let them come to you." compiled by: juliefa