1) Spot a / (LONG/SHORT)
2) Look for a solid BREAKOUT by a green candle (for if you're going long) and red candle (if short) accompanied by a rise/fall in and / (preferably above 60 for long & below 40 for short)
3) RETEST - A candle that touches your breakout zone and make sure it does not close below the zone. Most traders buy here but if you are still doubtful, after all Every trader has FOMO (Fear of missing out) and it's normal :)
Then always wait for a confirmation candle which should give a solid buy signal, a (For going LONG) & a (If short)
Usually I take 1:3 RISK-TO-REWARD Ratio so set a target, Stop loss and you are all set to rock.
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Presented to you by Lekisha Katyal
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