CRUP - LIMIT ENTRY on RETEST of the YELLOW HIGH
As can be seen the automated alerts had fired a LONG. The best place to enter when such engulfing candles are the triggers, is on a pull back.
The trade idea which is the focus of this post is not one which the automated signal generation spot so precisely as can be done by eye. Currently this is kind of like an "Off menu" signal. So we need to set alerts and wait...
Trade idea
The idea is that after a CONFIRMED REVERSAL formation, which consists of a GREEN TRIANGLE following a YELLOW reversal candle, as is shown on the chart - then it may be a worth entering LIMIT LONG at the HIGH of the YELLOW, using the LOW of YELLOW as the STOP LOSS.
The trade idea which is the focus of this post is not one which the automated signal generation spot so precisely as can be done by eye. Currently this is kind of like an "Off menu" signal. So we need to set alerts and wait...
Trade idea
The idea is that after a CONFIRMED REVERSAL formation, which consists of a GREEN TRIANGLE following a YELLOW reversal candle, as is shown on the chart - then it may be a worth entering LIMIT LONG at the HIGH of the YELLOW, using the LOW of YELLOW as the STOP LOSS.
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