Trade safe, stay healthy. Do hit the like button as a token of appreciation. Enjoy the weekend.
Regards Bravetotrade
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Alright, there is divergence as we can observe. But we dun know where the downwave would end. There are three types of entries which one can try:
Assume that the price has made a double bottom on 15 min chart--> 1) Break above the trendline 2) Break above the swing high 335.90
Assume price goes down from here--> For this trade, I personally dun like the price to go down below 331. 3) seller failure setup (difficult one to take).
@saranathanr, divergence appeared in the last hour only.
Parasuram
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would u mind posting when the trade is active , just for understanding....
Bravetotrade
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@Parasuram, I deliberately leave it on the traders or else they ll just start blindly following without any learning. For your convenience I suggest two things: either 1) use a one bar or multi bar setup or 2) a higher swing high setup.
Its not necessary that we get a perfect entry but we may get an optimal one. Focusing on the structure is more useful than focusing on perfect entry.