Lately, I’ve seen many people sharing trading tips like this, but they’re not giving you the full details. I’m here to change that! 🖤
Want to earn? Then take a moment to read this post, my brothers 🫶🏼
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In the picture below, you’ll see examples of bullish reversal single and double candles. It doesn’t matter what color the candle is—what matters is where it appears in a downtrend. If you spot it in a downtrend, the general rule is to call for a buy (long position).
But here’s what others don’t tell you:
👉 Where to set your take profit
👉 Where to set your stop loss
I’ll break it down for you! 🤗
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The Trick:
1. When the bullish reversal candle forms, it creates an upper wick.
2. Wait for confirmation: another candle must break the previous candle's wick.
3. Now, it’s time to go long (buy).
4. Stop Loss: Set it at the lower wick of the bullish reversal candle.
5. Take Profit: Use a 1:2 risk-reward ratio (for every $1 risked, aim for $2 profit).
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This is a simple yet powerful free tip to improve your trades! 📈
I’ve also added 2 chart patterns in this post for better understanding. Study them, apply this technique, and let me know how it works for you!
Keep learning and keep earning 🖤
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