​​If you don’t have a system in place which you follow to enter every trade then you’re in a worse off position than you believe.

A system allows you to determine easily what a “good” trade is and whether it is worth executing.

This will ultimately increase your win rate as you won’t be placing trades based on emotion, just pure analysis and a set of rules...

@CryptWorldTina #education #tradingsystems

​​Candlestick Patterns.

Patterns form over a period of one to four weeks and are a source of valuable insight into an assets future price action.

The bullish reversal patterns can further be confirmed through other means of traditional technical analysis, for eg: trend lines, or volume indicators which can reaffirm buying pressure.

There are a great many candlestick patterns that indicate an opportunity to buy.

Here we have illustrated the most relevant for your information.

@MichelleToro ☀️ #education #candlestickscheatsheet

​​How to Identify Morning Star.

Morning star is one of my favourite candlestick patterns.

You could say its like the abandoned baby but the slight difference is in the overlapping part of body and wick.

It is essential to know that morning star signifies a trend reversal or basically as I like to say “fatigue in bears”.

Now it is not alone enough or smart to take trade only based on morning star, we must use it with a volume indicator.

For example used with RSI volume it generates lethal signals and gives good confirmation.

👉 @MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #education #morningstar #candlestickpatterns

How and When Do You Trade Fakeouts?

Firstly what is a fake out?⠀
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It’s when price breaks out of a structure.

This in turn traps many retail traders and comes back into the structure to continue moving in the unanticipated direction like the chart above.⠀
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Price broke beneath the trend line which indicates price is going down but then it broke back above the ascending trend line indicating price to go up.⠀
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How would you trade a fake out?⠀
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You wait for price to come back into the structure before entering a trade.

For example, the image above shows price came back above the ascending channel but then came back down to test the trendline, this is the optimal entry point.⠀
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@MichelleToro ☀️ #education #tradingfakeout

Confluence is the “assembly” or “coming” together of things.

Traders use it as a fancy word that refers to having multiple reasons for taking a trade.

The more reasons you have to take a trade, the better.

And you gain extra bonus points if the reasons are unrelated.

@MichelleToro ☀️ #education #confluence #strategy #tradingplan #candlesticks #chartpatterns