BUY:
1. Price must close above 50 EMA
2. Wait for candle to close with top wick below high of previous candle
3. Mark previous candles top wick and bottom wick, this is the origin candle
4. Wait for price to close a bullish candle that breaks the top wick of the origin candle
5. Mark 50% level of origin candles body
6. Wait for price to come back to this level
7. Go down to 5 minute timeframe and look for signs of reversal ( Bullish Engulfing , Morning Star , 3 White Soldiers , Bullish Regular Divergence, etc.)
8. Place trade and set stop loss a few pips below swing low and 3x take profit
Be careful with your money. My methods are not 100%.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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