10 Proven Steps to Turn Every Technical Analysis into a Golden Trade – Accuracy Up to 90% and Win Like a Professional
The Checklist Before Entering Any Trade Using Technical Analysis
1. Understand the Overall Trend: Start by looking at the big picture on the daily timeframe; if the trend is upward, stick to buying, and if it’s downward, look for selling opportunities. Don’t try to swim against the current, as the trend is your constant friend.
2. Identify the Nearest Strong Support or Resistance: Look for areas where prices have bounced multiple times; each additional bounce increases the credibility of the area. Plan your entry when the price approaches these critical points.
3. Wait for a Clear Price Pattern to Complete: Double tops, triangles, head and shoulders… whatever the pattern, ensure it is complete, and then enter after a confirmed breakout, not before.
4. Monitor Trading Volume: Movements supported by high volumes reveal institutional participation. A real breakout always comes supported by increased volume, so make it a fundamental requirement.
5. Get a Confirmation Candle: A bullish or bearish engulfing, a doji at the tops, or a sharp inside bar; one strong candle can resolve your indecision and prevent random entries.
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