📊 An easy way to discover a strong trading opportunity!
If you are looking for a reliable entry point, here are 5 simple steps to help you build a comprehensive analysis:
1️⃣ Draw a Trendline:
Start by drawing a line that connects the peaks or troughs to determine the overall market direction.
2️⃣ Identify Support and Resistance Zones:
Monitor the areas where the price consistently bounces back, and wait for a breakout and retest.
3️⃣ Fibonacci Tool:
Use it to identify potential reversal levels, and focus on the 0.618 level.
4️⃣ Confirmation via Candlestick:
Wait for a reversal candle (such as a engulfing candle or pin bar) to confirm the entry point.
5️⃣ Final Result:
Set the Stop Loss (SL) and Take Profit (TP)… and let the trade take its course.
6️⃣ The attached image summarizes these steps in an easy and clear visual format.
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