Today, I'm sharing a simple yet powerful strategy to make money in the market—if you apply it correctly. See the attached image.
Steps:
1. Identify a Price Range: Look for an area where the price gets rejected multiple times.
2. Wait for a Breakout: Once the price breaks and closes above this range, pay attention.
3. Entry Trigger: When the next candle breaks the previous high after the breakout, that's your signal to enter the trade.
Mastering this straightforward strategy will enable you to trade independently. It works across all timeframes, but each one yields different results. For example, if you're using the 1-hour chart, both your entry and exit should be based on that chart. The same applies to the 1-day chart.
If the trade goes against you, the breakout level you used will act as your invalidation point because no strategy is foolproof.
Remember, a bullish setup works best when applied in a bullish trend. The easiest trades are those taken in the direction of the trend.
I'm sharing this again because the current market conditions are ideal for applying this strategy and profiting.
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This summary keeps the core idea of your strategy intact while making it more concise.