Woooo. Finally a break and close above the resistance and this confirms a bullish flag trading opportunity.
The Bullish Bat pattern was spotted on the Daily Chart as early as 8 Jun 2020, patience is required when you are trading on a higher timeframe.
When we are new in trading, often not we engage 1 trade and look for the next product to trade, in fact by focusing on the winning trade it is important.
There are Pros and Cons to it(like any other strategy)
Pros:
1. It keeps your focus to 1 pair, the grand trade
2. Engaging the next trading setup trading on the same direction as the first trade you engaged may put your new trade to be at low risk or no risk trading setup as your downside has been covered by the initial trade.
Cons:
1. If market reverse after you had engaged your new trade it can wipe out your profits and you aren't in any other positions.
The Bullish Bat pattern was spotted on the Daily Chart as early as 8 Jun 2020, patience is required when you are trading on a higher timeframe.
When we are new in trading, often not we engage 1 trade and look for the next product to trade, in fact by focusing on the winning trade it is important.
There are Pros and Cons to it(like any other strategy)
Pros:
1. It keeps your focus to 1 pair, the grand trade
2. Engaging the next trading setup trading on the same direction as the first trade you engaged may put your new trade to be at low risk or no risk trading setup as your downside has been covered by the initial trade.
Cons:
1. If market reverse after you had engaged your new trade it can wipe out your profits and you aren't in any other positions.
🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。