Nifty 50 IndexEducation
BEST PLACES TO LOOK FOR HIGH PROBABILITY TRADES
Updated
Here are a few setups that I use in my day to day trading. They work well in all the timeframes and in all types of markets.
I am only showing bullish scenarios due to space constraint but one may also look for bearish scenarios which work in the same manner. Like Down trendline or Downward sloping channel; downward sloping MA; breakdown of a range; and price retracement back up to 50% of the down move.
Sometimes these setups also work in collaboration with each other. Like price pulls back to the MA and this level also coincides with a potential support zone or this level is also the 50% retracement of the prior up move. In these cases the trading opportunity will have very high probability to make money.
Are you still thinking that what patterns to look for at those places to take trades?
Please refer my previous idea tagged to this post. Just look for those candlestick patterns as your trigger and you are good to go.
I hope this post will add to your knowledge and don't forget to like and comment to encourage further writing.
Regards
JJSingh
I am only showing bullish scenarios due to space constraint but one may also look for bearish scenarios which work in the same manner. Like Down trendline or Downward sloping channel; downward sloping MA; breakdown of a range; and price retracement back up to 50% of the down move.
Sometimes these setups also work in collaboration with each other. Like price pulls back to the MA and this level also coincides with a potential support zone or this level is also the 50% retracement of the prior up move. In these cases the trading opportunity will have very high probability to make money.
Are you still thinking that what patterns to look for at those places to take trades?
Please refer my previous idea tagged to this post. Just look for those candlestick patterns as your trigger and you are good to go.
I hope this post will add to your knowledge and don't forget to like and comment to encourage further writing.
Regards
JJSingh
Note
Keep liking so that this educational post reaches more and more learners.
JJ Singh
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
Trader/Investor
Moderator, TradingView
🚀Join t.me/jjsingh_2020 ,
A Free Education channel
🚀Tweet at twitter.com/JaySingh_2020
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