PreannTrendI created this indicator for beginners who are still confused about how to enter the market. The rule is simple, that is, when a buy or sell signal appears, buy or sell at that time and place a stop loss at the 55 EMA. The recommended Take Profit is 1:1 between the Entry Distance and Stop Loss. An example can be seen in the chart. If you have any difficulties, you can consult my email. Thank you very much God bless.
✉ email@preann.id
Preann
PreannFXExplanation of the PreannFX indicator:
Candle Body Size:
The body of the current candle is larger than the previous candle.
Bullish Engulfing:
The current candle closes higher than the previous candle's high.
The body size is larger than the previous candle.
Bearish Engulfing:
The current candle closes lower than the previous candle's low.
The body size is larger than the previous candle.
Entry and Exit:
Bullish: Enter at the previous candle's open or high, stop loss at the previous low, and take profit is 1:1 with the stop loss.
Bearish: Enter at the previous candle's open or low, stop loss at the previous high, and take profit is 1:1 with the stop loss.
Visualization:
Green upward arrows for bullish engulfing patterns.
Red downward arrows for bearish engulfing patterns.
