Wednesday, 3 July 2024

The old age question



When to enter:


1. *Buy signal*: When the price breaks above a resistance level or a trend line.

2. *Bullish candle*: When a bullish candle forms, indicating a potential reversal or continuation of an uptrend.

3. *Indicator signal*: When an indicator, like a Moving Average or RSI, generates a buy signal.


When to exit:


1. *Profit target*: When the price reaches your set profit target.

2. *Stop-loss*: When the price hits your stop-loss level, limiting potential losses.

3. *Sell signal*: When the price breaks below a support level or a trend line.

4. *Bearish candle*: When a bearish candle forms, indicating a potential reversal or continuation of a downtrend.

5. *Indicator signal*: When an indicator generates a sell signal.


Remember, these are general guidelines. The key is to develop a strategy that suits your trading style and risk management approach. Always set a stop-loss and a take-profit level before entering a trade!

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