Rules
• Bullish- above 50 ema, find support level (Last time it went to opposite side) previous resistance which now turn support 50ema lining up? Confluence? Buy limit order at 50ema Line
Round 2: 50ema lines to previous resistance turned support, If ema is still well below support place Limit Buy order at 50ema line at previous support turn resistance.
• Risk To Reward:1-2 (Stop Loss set below previous Major Swing up)
• Bullish- above 50 ema, find support level (Last time it went to opposite side) previous resistance which now turn support 50ema lining up? Confluence? Buy limit order at 50ema Line
Round 2: 50ema lines to previous resistance turned support, If ema is still well below support place Limit Buy order at 50ema line at previous support turn resistance.
• Risk To Reward:1-2 (Stop Loss set below previous Major Swing up)