How to trade supportive trendline

14. Mai 2022

COALINDIA
Pros-
.Supportive trendline trade is one of them which has a huge risk-reward ratio.
.It is easy to trade compared to others.
.Less complexity in the chart so the charts look clean.
.
.
Cons-
finding the perfect inclined trendline is time-consuming or we can say little bit difficult.

Procedure-
. First, find the trendline with an inclination range between 14-25 degrees.
.find the value of the up move whenever it touches so that we can project the next move.
.Add an alert to the trendline so that you can't miss any move.
.As you get an alert, you just have to take an entry with stop loss below the trendline (as per your RR ratio)
.Don't forget to keep SL
.After entry, you have to track your target.

Happy Trading