This idea is a continuation of the previous idea, which is listed below,make sure you've seen it!
In this idea, bearish divergence are clearly seen in 1 hour time frame, of course this is our chance to take short, but there are conditions to ensure that this divergence is valid,there are two confirmations that you can choose or you can choose both
Option 1
The first option is the trend line, this is the most basic and simple confirmation, the way to use it is when the price has crossed the trend line, then that's when we can enter
Option 2
For the second option, this option was chosen because the area is a strong area, if the price manages to break through this strong area, then it is a good time for us to enter
How about combining the two options?
To combine the two, we need to wait for these two options to have been breached. the conclusion is that if only one option has been penetrated (while the other has not) then we have to wait for the other option to be penetrated by the price
Thank you for taking your time to read, it makes me more synergistic
Stay tune!
In this idea, bearish divergence are clearly seen in 1 hour time frame, of course this is our chance to take short, but there are conditions to ensure that this divergence is valid,there are two confirmations that you can choose or you can choose both
Option 1
The first option is the trend line, this is the most basic and simple confirmation, the way to use it is when the price has crossed the trend line, then that's when we can enter
Option 2
For the second option, this option was chosen because the area is a strong area, if the price manages to break through this strong area, then it is a good time for us to enter
How about combining the two options?
To combine the two, we need to wait for these two options to have been breached. the conclusion is that if only one option has been penetrated (while the other has not) then we have to wait for the other option to be penetrated by the price
Thank you for taking your time to read, it makes me more synergistic
Stay tune!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.