Add a zig zag indicator to your chart
Change the Zig Zag settings to Deviation 1 Depth 5 Backstep 3
Determine short term trend - short
Find two zig zag lows for trendline points
When price breaks trendline wait for that candle to close then enter Sell
Take Profit could be risk ratio of 1 to 2/3
SL is above previous candle before trendline breakout candle
Change the Zig Zag settings to Deviation 1 Depth 5 Backstep 3
Determine short term trend - short
Find two zig zag lows for trendline points
When price breaks trendline wait for that candle to close then enter Sell
Take Profit could be risk ratio of 1 to 2/3
SL is above previous candle before trendline breakout candle
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.
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.