Sentences with phrase «for bullish setups»
For bullish setups, choose price thrusts with strong bullish bars that clear the last swing high easily.
https://www.tradingsetupsreview.com/ Not exact matches
Notice that we had a nice 2R profit off this setup that ended in a bullish pin bar from support as of last Friday which may well lead to a buying opportunity (See our daily members commentary for updates on this).
However, the above risk guidelines for both new and experienced traders are only for perfect trade setups in an unquestionably bullish market.
For the moment, the market is holding up and new technical trade setups are emerging, both of which are bullish signs.
We remain bullish on the market but a period of modest selling and / or consolidation is needed for new setups to appear.
Although the daily chart is useful for seeing short - term trends, trade setups on the monthly timeframe can be more explosive, especially when they align with bullish price action on the weekly and daily chart intervals.
The price setup in the bitcoin market remains bullish but traders should prepare for a potential pullback in the first half of June.
With this type of technical ETF trading setup, the idea is not to catch a bottom; rather, we wait for some bullish momentum to build before establishing a position.
This trade setup looked good for two reasons: the bullish outside reversal bar right before the day we entered, and the wedge pattern.
Looking at the 9/22/2017 close for AUDJPY Daily chart how would you setup a trade given that a bullish pin bar just formed right after a bearish engulfing candle?
On March 6th of 2016 I updated the post saying that XME had acquired it's upside target and that I took my profits and would wait for the next bullish setup to arrive.
There are many other formations that traders turn to for analysing trade setup such as: Double top / bottom, triple top / bottom, Pinocchio, bullish / bearish engulfment, etc..
More time and more bullish rides are needed to turn the daily chart from its current bearish setup, so the most probable scenario is one of moderate short - term rises that could trigger a bullish leg for some days.