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1. Drawing a Trend Line
Connect at least 2 or 3 higher lows (for uptrend) or lower highs (for downtrend).
The more times price respects the trend line, the stronger it is.
2. Entry Point
Wait for the price to touch the trend line.
Look for a confirmation candle (like a bullish engulfing or pin bar in an uptrend, or bearish engulfing / pin bar in a downtrend).
Enter the trade at the close of the confirmation candle.
In an Uptrend:
Buy when price touches the trend line and forms a bullish candle.
In a Downtrend:
Sell when price touches the trend line and forms a bearish candle.
3. Stop Loss (SL)
For Buy trades: Set the SL a little below the trend line and recent swing low.
For Sell trades: Set the SL a little above the trend line and recent swing high.
4. Take Profit (TP)
First TP: Set it at the nearest resistance (for Buy) or support (for Sell).
Second TP: You can aim for a 1.5x or 2x reward-to-risk ratio.
Example:
If SL = 200 points, then
TP1 = 200 points, TP2 = 400 points
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Risk Management
Risk only 1-2% of your capital per trade.
Don’t over-leverage.
Always wait for confirmation before entering a trade.