🔥✅ Strategy Name: Triple Confluence Strategy
This strategy uses 3 powerful confirmations:
Support & Resistance + Price Action
200 EMA (Trend Filter)
RSI Divergence
🧠 Basic Setup (Tools You Need)
Timeframe: 1H or 4H (Swing/Day Trading) — for scalping, use 15min.
Indicators:
200 EMA (Exponential Moving Average)
RSI (Relative Strength Index) set to 14
Volume (optional)
📈 Entry Strategy: BUY Setup
1. ✅ Identify the Trend
Price should be above the 200 EMA ➝ Uptrend
This tells you to look for Buy (Long) trades only
2. ✅ Draw Key Support & Resistance
Find horizontal support zones where price bounced in the past
Mark previous swing lows or areas of strong buyer reaction
3. ✅ Wait for Price Action Confirmation
Look for one of these:
Bullish Engulfing candle
Pin Bar / Hammer
Break of Structure (BOS) on smaller timeframes
4. ✅ Check RSI for Hidden or Regular Bullish Divergence
If RSI makes a higher low, but price makes a lower low = Bullish Divergence
This shows momentum is shifting upward
🎯 Buy Entry:
Enter at confirmation candle close
Or set a limit order slightly above support with a tight stop
🛑 Stop Loss:
Place SL below recent swing low
Or below the support zone
🎯 Take Profit (TP) Targets:
First TP = 2x risk
Second TP = Resistance zone
Optional: Leave a runner with trailing SL
📉 Entry Strategy: SELL Setup
1. ✅ Identify the Downtrend
Price should be below the 200 EMA ➝ Downtrend
Look for Sell (Short) trades only
2. ✅ Draw Resistance Zones
Focus on previous highs, supply zones, or recent rejection areas
3. ✅ Wait for Bearish Price Action
Look for:
Bearish Engulfing candle
Shooting Star / Inverted Hammer
Break of minor support on smaller timeframes
4. ✅ RSI Bearish Divergence
If RSI makes lower highs, but price makes higher highs = Bearish Divergence
🔻 Sell Entry:
Enter at confirmation candle close
Or place a limit order near resistance
🛑 Stop Loss:
Place SL above the swing high
Or above resistance zone
🎯 Take Profit (TP) Targets:
First TP = 2x risk
Second TP = Next support
Optional: Runner with trailing stop
📊 Risk Management (Very Important!)
Risk only 1-2% of your capital per trade
Use proper position sizing
Never revenge trade or chase the market
🔁 Bonus: Backtest This Strategy!
Before going live:
Backtest on 50–100 trades in TradingView
Journal your results (win rate, profit factor, etc.)
🚀 Summary Table
Component
Buy Setup
Sell Setup
Trend
Above 200 EMA
Below 200 EMA
Zone
Support
Resistance
Price Action
Bullish candle or BOS
Bearish candle or BOS
RSI
Bullish divergence
Bearish divergence
Stop Loss
Below swing low
Above swing high
TP
2R + next resistance
2R + next support
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