A Simple Strategy Today I'ii give you....👇
If you are Biggneir So, Follow this Strategy 👌;
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1. Identify the Trend (Time Frame: 4H or 1H)
Bullish Trend:
Higher highs (HH) and higher lows (HL) are forming.
Bearish Trend:
Lower highs (LH) and lower lows (LL) are forming.
If the trend is unclear, assume it's a range-bound market and stay out.
Tool: Moving Averages (e.g., EMA 50 and EMA 200):
When EMA 50 is above EMA 200, and the price is above both, it's a bullish trend.
When EMA 50 is below EMA 200, and the price is below both, it's a bearish trend.
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2. Mark Key Levels
Identify Support and Resistance Zones where price is likely to react.
Use Fibonacci Retracement (e.g., 0.618 or 0.5 levels) to find pullback zones.
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3. Entry Triggers
For a Bullish Trend:
Wait for the price to pull back to a support zone (e.g., 0.618 retracement level).
Look for a bullish candlestick pattern as confirmation:
Bullish engulfing, hammer, or morning star.
For a Bearish Trend:
Wait for the price to pull back to a resistance zone.
Look for a bearish candlestick pattern as confirmation:
Bearish engulfing, shooting star, or evening star.
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4. Stop Loss and Take Profit
Stop Loss:
Place it below the nearest support level or the low of the candlestick pattern (for longs).
Place it above the nearest resistance level or the high of the candlestick pattern (for shorts).
Take Profit:
First target: Recent swing high/low.
Second target: Follow a 1:2 or 1:3 Risk-to-Reward Ratio.
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5. Risk Management
Never risk more than 1-2% of your capital per trade.
If the trade goes wrong, let the stop loss trigger. Don't adjust it.
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6. Example Setup
Bullish Trend Example:
Price is above EMA 50 and EMA 200.
The price pulls back to the 0.618 Fibonacci level (support zone).
A hammer candlestick forms at the support, followed by a bullish confirmation candle.
Entry: At the close of the confirmation candle.
Stop Loss: Below the support zone.
Take Profit: First target at the recent swing high, second target using Fibonacci extension.
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This strategy is easy to apply and works well with 1H and 4H charts. Let me know if you need detailed examples or further clarification!
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