This is an example of how I enter trades. These setups provide the best trading opportunities because the risk reward ratio is huge.
On the left hand side, the weekly chart. Here there is a H&S pattern, a pattern that I use for long positions. I find it easier to trade this pattern from the long side, because most of them are fake. A bullish divergence was confirmed two weeks ago, but right now the impulse is still red. This makes this an anticipation trade.
In the middle, the weekly chart shows a possible double bottom. The impulse is still red, so the divergence and the double bottom are not confirmed. Again, an anticipation trade.
On the right side, the 4H chart has a confirmed class A bullish divergence, as the impulse is blue. Price closed above support.
This is the best timing I can find for a trade. The risk reward is absolutely huge.
On the left hand side, the weekly chart. Here there is a H&S pattern, a pattern that I use for long positions. I find it easier to trade this pattern from the long side, because most of them are fake. A bullish divergence was confirmed two weeks ago, but right now the impulse is still red. This makes this an anticipation trade.
In the middle, the weekly chart shows a possible double bottom. The impulse is still red, so the divergence and the double bottom are not confirmed. Again, an anticipation trade.
On the right side, the 4H chart has a confirmed class A bullish divergence, as the impulse is blue. Price closed above support.
This is the best timing I can find for a trade. The risk reward is absolutely huge.