Setup: Trendline, Resistance, Bat Pattern.
Trade will be entered based of confirmations: Doji, engulfing candle, double top on 1 hr time frame.
Take profit 1 is set for first support. Take profit 2 is set at second support. When TP 1 is filled, move TP 2 SL to break even.
SL set just above the high of the X.
Im looking for this setup to execute next week.
The trade may be invalid if momentum is high and no sighs of slowing down appear for the reversal to happen.
Feedback and comments are encouraged on all my trade setups.
Trade will be entered based of confirmations: Doji, engulfing candle, double top on 1 hr time frame.
Take profit 1 is set for first support. Take profit 2 is set at second support. When TP 1 is filled, move TP 2 SL to break even.
SL set just above the high of the X.
Im looking for this setup to execute next week.
The trade may be invalid if momentum is high and no sighs of slowing down appear for the reversal to happen.
Feedback and comments are encouraged on all my trade setups.