4H Buy Opportunity on JPY/CAD : Trends Momentum Divergence
Trends Momentum Divergence - Checklist
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish / bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
The Market Sniper
1 – Clean Chart : Clear direction in the market reflected by a long and thick cloud
2 – Trends Momentum Divergence : Price below/above the base line while the cloud is bullish / bearish
3 – Entry Zone and Flex Stop Loss : Define your entry zone and flexible stop loss based on support and resistance
4 - Hard Stop Loss : Place a hard stop loss order that allows for market turbulence
5 – Target : Place a realistic take profit order that result in risk/reward of at least 1.5
6 - Be patient and Stick to the plan !
The Market Sniper
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