⚠️SAVE THIS BECAUSE YOU NEED IT⚠️
Today I will share with you one of the easiest ways to trade when the market is bullish and you missed the initial move of a currency.
1- Wait for the price to consolidate around the high
2- Draw a line on that high
3- Entry when the price closes one candle above (depending on the timeframe you are watching)
4- Continue riding towards the next possible level. Where will be your invalidation?
The same area you choose for your buy will be your invalidation
if the candle closes back below that high, it means the breakout is false and now you should manage your risk and exit the trade.
Read the details in both images.
The strategy will work perfectly if you apply it in an uptrend/bull market and not in a downtrend/bear market.