H1 chart - hammer strategy
After a downtrend, a hammer candle has formed. Wait for the next candle - is it bullish ?
If yes : enter on the following one, at the open.
If not : do nothing.
Stop loss is below the hammer’s low and take profit at a 3:1 ratio.
If yes : enter on the following one, at the open.
If not : do nothing.
Stop loss is below the hammer’s low and take profit at a 3:1 ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.