AEBTC HIGH RISK HIGH REWARD LONG SETUP
This trade isn't a perfect setup from many perspectives, but gives great risk:reward ratio, so suitable for traders who are comfortable with lower win rate but higher risk:reward.
Trade Setup Summary
Market Structure: Higher Low
Level: Price Bounced off of 61.8 Fib Retracement
Candlestick: Large bullish candle in a MCB (Multiple Candle Break) setup
Volume: Volume Spike, highest daily volume on chart
Concerns:
1. Market structure from low to high to low isn't super clean (Not a lot of spacing between high and
2. Wick on signal candle a bit long. Body / Candle percentage is 45% (The larger the percentage the better, and would want at least 50%, with 60%-80% being more ideal)
3. Volume after signal candle is even larger the volume of signal candle
This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
I will be posting ideas on a daily basis (whenever there are trade setups that meet my criteria).
Please follow, like, and comment to get daily trade setups and live trade updates.
This trade isn't a perfect setup from many perspectives, but gives great risk:reward ratio, so suitable for traders who are comfortable with lower win rate but higher risk:reward.
Trade Setup Summary
- Trend: Neutral, with 200MAs flattening out and price above 200MAs
Market Structure: Higher Low
Level: Price Bounced off of 61.8 Fib Retracement
Candlestick: Large bullish candle in a MCB (Multiple Candle Break) setup
Volume: Volume Spike, highest daily volume on chart
Concerns:
1. Market structure from low to high to low isn't super clean (Not a lot of spacing between high and
2. Wick on signal candle a bit long. Body / Candle percentage is 45% (The larger the percentage the better, and would want at least 50%, with 60%-80% being more ideal)
3. Volume after signal candle is even larger the volume of signal candle
This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
I will be posting ideas on a daily basis (whenever there are trade setups that meet my criteria).
Please follow, like, and comment to get daily trade setups and live trade updates.