Today, I'm sharing a simple cheat sheet for making money in the marketâif applied correctly.
1. Identify a price range where the price has been rejected multiple times.
2. Wait for the price to break out of that range.
3. Once it breaks and closes above that area, and the next candle surpasses the high, thatâs your entry trigger.
Mastering this strategy will enable you to trade independently. It works across all timeframes, with different results depending on your choice. For instance, if youâre analyzing a 1-hour chart, your entry and exit points will be based on that timeframe; the same applies to a daily chart.
Use the breakout level as your invalidation point, since you wonât always be right. Remember, bullish setups perform best in an uptrendâthe simplest trades align with the prevailing trend.
