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26/03/2021 7:54 am
Topic starter
How do you Pick a good entry on the chart?
SpaRker 26/03/2021 2:18 pm
Picking an entry on chart depends mainly on your strategy.
So basically you must have a strategy part of your trading plan that directs you where to enter or exit the market
1 Answer
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18/04/2021 10:00 am
I think a good entry comes about when your trading setup gives a confirmation.
However to get a strong confirmation, you can add some indicators and tools on the chart for example, moving averages and reversal candlestick patterns.
Also the next candlestick pattern that forms after your entry confirmation matters alot.
- If for example I am trading a breakout on support. I expect more of bearish candlesticks thank bullish. This gives you an assurance that price is likely to fall further.
