Setup: Yesterdays candle closed just below 3500. The indicator coloured the candle green signalling a potential bar reversal, and this triggers the setup I was looking for. I have my level: the reaction at 3200; I have the signals from the indicator needed for a countertrend: overextension, bar reversal, reversal candle, and distance from . I need a trigger to enter the trade, and that is the break of the 3550 level.
Read my last posts to see how I got to this setup.
Trigger: Price breaks long level.
Stop: Stop is below the swing low.
Target: I’m looking for reactions and signals from the indicator at the T-levels.
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Stay calm, and happy trading!
More information on the indicator can be found below:
Published at Sun, 09 Dec 2018 00:22:54 +0000
