Master the Art of Trading Bullish Divergence! 📈

Identify potential trend reversals and capitalize on profitable opportunities.

Key Steps:

Spot the Divergence: Look for a divergence between price action and RSI.

Change Upper Band: Adjust the upper band of the RSI indicator to 50 for better sensitivity.

Draw a Parallel Channel: Identify the trend and draw a parallel channel to spot potential breakouts.

Enter the Trade: Enter a long position when the RSI crosses above the 50 level and the price breaks above the parallel channel.

Set Your Take Profit: Use Fibonacci retracement levels to determine potential profit targets.

Remember:

Risk Management: Always use stop-loss orders to protect your capital.

Confirmation: Combine bullish divergence with other technical analysis tools for increased accuracy.

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