3 Highs setup in USDCHF.Hello Traders!
1. We see 3 consecutive highs after proper consolidations . I have some self-made rules for this setup which have worked with almost 90 percent accuracy.
2. We also have a 2-bar reversal pattern in 1 hour tf.
3. Sell below the red line . The stop may be updated if the market makes a new high before our entry.
4. We also have 2 potential targets marked by the green lines.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
2barreversal
SHORT > Trader Vic's 2B Reversal PatternWe can analyse Nifty price action in the light of Trader Vic's 2B Pattern . Trader Vic describes this excellent technique as follows”: “When the upward price trend, if the price on the market touched the previous price peak, but could not cross it the first time, and immediately fell below the previous price peak, this suggests that the trend has been on the market about to make a turn“. The opposite is generally true for the downward price trend which I have marked as example 1.
Potential trade based upon the setup is marked for the traders for trading or the learning.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
2B Reversa/Falling Wedge/Bullish Harami confirmation/Divergence The stock is showing 2B reversal at current level. It has formed falling wedge pattern and seems getting strength at lower line moreover last bars confirmed a candlestick buy. RSI is showing divergence so we can consider a buy the stock with the following details
Entry 190
SL 181
Target 205
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.