Finding a candlestick pattern:
These strategies help you detect if a price is in an uptrend or not.
The problem is if you enter when the pattern is not touching support.
Make sure
Price is above 50 EMA
Price is above 200 EMA
Price is indicating a candlestick
Now sometimes the price will not go up immediately.If that's the case you need to exit your position.
Also consider looking at it like the price is a consolidation or range this means volatility kicking in.
So try to give your position atleast 2 weeks also set stop loss positions
to exit when you feel you are not
Able to risk all your capital.
It will take time to master trading.
Rocket 🚀 Boost This Content To Learn More.
Disclaimer ⚠️ Trading is risky please learn about risk management and profit taking strategies and feel free to use a simulation trading account before you use real money.
- Morning star
- Bullish engulfing
- Hammer
These strategies help you detect if a price is in an uptrend or not.
The problem is if you enter when the pattern is not touching support.
Make sure
Price is above 50 EMA
Price is above 200 EMA
Price is indicating a candlestick
Now sometimes the price will not go up immediately.If that's the case you need to exit your position.
Also consider looking at it like the price is a consolidation or range this means volatility kicking in.
So try to give your position atleast 2 weeks also set stop loss positions
to exit when you feel you are not
Able to risk all your capital.
It will take time to master trading.
Rocket 🚀 Boost This Content To Learn More.
Disclaimer ⚠️ Trading is risky please learn about risk management and profit taking strategies and feel free to use a simulation trading account before you use real money.
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