Live trading

Cryptocurrency Trading (Simple setups for Beginners)
Cryptocurrency Trading (Simple setups for Beginners) 300 169 Minimalist Trading - Indicators for TradingView
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More and more traders are interested in Cryptocurrency Trading these days.

And it’s easy to understand why!

Cryptocurrency Trading is an endless source for consistent profits because more money is put into cryptocurrency each day.

How can you actually use this?

Simple!

Learn an easy Cryptocurrency Trading Strategy, that you can execute each day in your Trading Charts.

Today we’re looking at a Trading opportunity on Bitcoin using our technical indicators, which are considered to be among the best indicators for TradingView.

In particular, we’re using the Advanced Signal Bars in combination with a Moving Average.

This is one of the best trading indicators combination because we are able to combine the known benefits of moving average trading with the traditional reliability of the Advanced Signal Bars.

This Trading Strategy to trade Bitcoin is extremely simple and very profitable for Cryptocurrency Trading which is traditionally more affected by volatility than Stocks or Forex.

Below here you are guided step-by-step throughout the whole live trade, from the setup identification, to the actual trading and the final comments.

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Trade setup – 6 Jan 2020

Two identical crypto setups Setup 1

The price is currently above the 54 moving average and has just broken to the upside a horizontal red line drawn by the Advanced Signal Bars.

This is enough to enter a trade with a 1:1 risk-reward.

What we are expecting is the price to move higher and form a series of very similar trades which we’ll trade with a 1:1 risk-reward.

Trade update – 7 Jan 2020

Two identical crypto setups Setup 2

This trade is over and so we got a 1x profit.

Now we wait for another one because, usually, when we apply this trading strategy on a trending asset and timeframe, we get a series of trades.

Usually four, five, or even more trades, most of which are winning trades.

The final profit will be our overall return.

Let’s now wait and see if we get another one.

Trade update – 7 Jan 2020

Two identical crypto setups Setup 3

Here comes the second which we trade exactly as the previous one, so with a 1:1 risk-reward.

Trade update – 8 Jan 2020

Two identical crypto setups Setup 4

This second trade was particularly fast and it’s now over as well.

Let’s see the next one.

Trade closed – 9 Jan 2020

Two identical crypto setups Setup 5

It looks like we won’t have a third trade because the price dropped below the 54 moving average so we can consider the overall trade over with a 2x profit.

In the end, the uptrend has been a bit too short offering us only two setups.

With this bitcoin strategy, we are usually able to get four, five, or even more identical setups one after the other.

And we are able to close most of them with a winning trade.

In this case, we only got two identical crypto setups, but they both have been profitable.

Not only we can be proud of what we achieved, but we can also say that we have yet another confirmation that this long-tested Trading Strategy is indeed a consistently profitable strategy.

What’s your experience with Cryptocurrency?

Do you have a good knowledge of How to Make Money Trading crypto on a consistent basis?

Let us know by leaving your comment on the YouTube video above!

When a sell setup gets confirmed Thumbnail@300w

Short Selling Example (4x Trading Profit)
Short Selling Example (4x Trading Profit) 300 169 Minimalist Trading - Indicators for TradingView
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Today we have another great Short Selling example!

It’s on a Forex pair but the same principles apply for shorting a Stock or any other asset.

Just like we discussed in another Short Selling example, a short position can be very profitable!

The downside?

There’s not really, except for the fact that you must be careful with short selling.

Luckily, when you follow a few simple rules you can trade a short position just like any other Trading opportunity.

With the Bottoms Tops Signal and the RSI Exhaustion, we are able to identify what appears to be a very interesting short trading opportunity on our TradingView chart.

The only concerning thing is that the Levels and Zones indicator says that we are sitting just above a support.

This might pose a problem in the initial phases of our short selling strategy execution.

However, if the price moves lower (as we are expecting) then, such support will turn into a resistance.

What does this mean?

It means that it will play a huge role in pushing the price significantly down.

So, as long as we trade our short selling strategy safely, then we’re good to go.

Below here, you can see our whole live short selling trade commented step-by-step.

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Trade setup – 16 Dic 2019

When a sell setup gets confirmed Setup 1

We have an interesting sell setup because:

    1. The price is moving higher, while the RSI Exhaustion is moving lower.
    2. The RSI Exhaustion is bullish exhausted (colored green).
    3. We have a confirmed top

We set our stop loss slightly above the most recent highest price level while we set the target all the way down to the major support level identified by the Levels and Zones at the bottom.

The initial risk in this setup is that the price is currently above a support, but it started as a resistance and, considering our analysis above, it should turn again into a resistance soon.

Trade update – 16 Dec 2019

When a sell setup gets confirmed Setup 2

The price is moving lower as we expected.

Trade update – 17 Dec 2019

When a sell setup gets confirmed Setup 3

The price is still moving lower and the RSI Exhaustion goes down as well.

Trade update – 18 Dec 2019

When a sell setup gets confirmed Setup 4

The indicators and the price action are still all looking good.

We should definitely be able to reach our Profit Target, which is now close.

Trade closed – 19 Dec 2019

When a sell setup gets confirmed Setup 5

Towards the end, it got frustrating because the price almost reached the target twice, before ultimately touching it the third time.

Well, it turned out to be a very nice trade with a 4x profit.

It took a few days but without any significant concern except for a slightly frustrating price movement towards the end.

If you were previously scared about short selling, you can now see how profitable it can get, when traded correctly.

What’s your attitude towards short selling?

If you see one, do you take a short position? Or maybe you just skip it because it’s too risky?

Share your trading experience with fellow traders by adding your comment to the YouTube video above!

Learn when to close the trade before reaching the target Thumbnail@300w

Trading Exit Strategy (before the Take Profit level)
Trading Exit Strategy (before the Take Profit level) 300 169 Minimalist Trading - Indicators for TradingView
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Many traders are good at entering the market, but they have trouble with their Exit Strategy.

In fact, if you don’t have a clear Trading Exit Strategy you will continue to take loss after loss.

But don’t give up!

Because learning a Profitable Exit Strategy is not difficult.

And in no time you will be able to recognize when to close any trade.

In today’s live trade on TradingView, we use our best entry and exit indicators which allow us to understand that we should close the trade before the Take Profit level.

It doesn’t happen every day that you should close a trade before it reaches the Take Profit.

However, when it happens, you’d better be prepared so that you can still make money.

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Trade setup – 13 Dec 2019

Learn when to close the trade before reaching the target Setup 1

By making the technical analysis on this TradingView chart we identify a clear trading setup with our indicators. In particular:

    1. There is a significant divergence between the price, which is moving up, and the RSI Exhaustion, which is moving down
    2. The RSI Exhaustion is bullish exhausted (colored green)
    3. There is a confirmed top (displayed by the Bottoms Tops Signal)

We set the Stop Loss a bit higher than the most recent highest price level

Then we set the Take Profit all the way down to the major support displayed by the Levels and Zones.

Why do we set our Trading Target there?

Because we know that the price likes to test those support and resistance levels multiple times.

And, if we expect that the price will move lower, then it is very likely that it will go down all the way there.

Trade update – 13 Dec 2019

Learn when to close the trade before reaching the target Setup 2

The price is going down rapidly but with some volatility.

Trade update – 13 Dec 2019

Learn when to close the trade before reaching the target Setup 3

The price just kept falling and almost reached the target.

Let’s just be a bit more patient.

Trade closed – 16 Dec 2019

Learn when to close the trade before reaching the target Setup 4

We manually closed the trade because a new major support level appeared (thanks Levels and Zones!)

Essentially, our initial technical analysis has now changed.

In fact, if we still expect the price to reach our initial Trading Target, we must assume that the price has the strength to fall against two major support levels which are, instead, creating a significant upward pressure.

This trade is one of the rare situations in which we were forced to change the plan while the trade was running.

What happened is that, as we got very close to the target, a new support level appeared just before the target.

This rare situation means that the price might not ultimately reach the Take Profit level, which is the reason why we closed our trade.

This is one key rule in our exit strategy.

It’s a rational decision that we took and was justified by the significant change in the underlying technical chart.

In the end, though, we still got a 5x profit.

How does your Exit Strategy look like?

And how do you handle trades where the Trading Target becomes unlikely to be reached?

Share your tips with fellow traders by leaving a comment on the YouTube video above!

How we earned a 5x profit safe and fast Thumbnail@300w

How we earned a 5x Forex Trading Profit (Safe and Fast!)
How we earned a 5x Forex Trading Profit (Safe and Fast!) 300 169 Minimalist Trading - Indicators for TradingView
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Achieving a consistent Forex Trading Profit requires determination, especially if you are a beginner.

However, you can learn how to achieve a consistent Forex Trading Profit.

And it doesn’t take too much time.

In the live trade that we discuss below, we were able to get a 5x Trading Profit, safe and fast!

How was it possible?

Our Trading Indicators for TradingView are indicating yet another opportunity to make money from Forex.

This time is a short setup that, in particular, is confirmed by the divergence between the price and the RSI Exhaustion.

Then, by looking at the most recent price action, we identify a rather significant structure.

So we set our Trading Target at that level because, if the price wants to go down, then it is very likely that it will touch that level.

Sounds complicated?

Learn how to do that yourself by watching our step-by-step live trade below.

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Trade setup – 31 Oct 2019

How we earned a 5x profit safe and fast Setup 1

The price has kept growing while the RSI Exhaustion is moving lower, thus they are diverging meaning that the upward movement in the price is not sustained.

Moreover, the RSI Exhaustion is bullish exhausted, which means that the price doesn’t have too much room to move any higher.

And finally, we have a confirmed top (displayed by the Bottoms Tops Signal) which means that the price should retrace from the current level.

We can then take this trade to the downside and target a lower price level where we identify some interesting price structure.

Trade update – 31 Oct 2019

How we earned a 5x profit safe and fast Setup 2

The price dropped like crazy in just one candle.

The way the price moves is something no one can really ever predict.

However, what we can definitely predict is where the price will go, and in this case, we’re waiting for the price to move even lower.

Trade closed – 31 Oct 2019

How we earned a 5x profit safe and fast Setup 3

Just one candle later and the price reached the target allowing us to close another winning trade.

Not only we played safe but also the price dropped quickly which allowed us to get more than 5x Forex Trading Profit in a very short time.

And this is not to celebrate our performance.

In fact, you can earn a similar trading profit when you use the best trading indicators combination, and when you have an easy forex strategy.

This allows you to perform a clear and simple chart analysis and build a clear and simple trading setup.

What’s your average Trading Profit?

Can you beat the market on a consistent basis and make money from Forex?

Share your experiences with fellow traders by leaving your comment on the YouTube video above!

What you should do when the RSI Exhaustion moves higher Thumbnail@300w

Rising RSI Exhaustion (What you Should Do)
Rising RSI Exhaustion (What you Should Do) 300 169 Minimalist Trading - Indicators for TradingView
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A rising RSI Exhaustion is a very good predictor of an imminent price uptrend.

That’s not all.

In fact, you can combine a rising RSI Exhaustion with further analysis to identify the best Trading opportunities.

We did exactly this in the live trade on TradingView that we discuss below.

First, what is the RSI Exhaustion?

The RSI Exhaustion is an essential replacement of the regular RSI indicator because it is able to identify and highlight Hidden Exhaustion levels.

In today’s live trade, we have a rising RSI Exhaustion. So what should we do when the RSI Exhaustion moves higher?

It’s simple!

We just look for confirmation in the other Trading Indicators for a buy setup.

If they all confirm the Trading opportunity, it’s very likely that it will be a Highly Profitable Trade.

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Trade setup – 28 Oct 2019

What you should do when the RSI Exhaustion moves higher Setup 1

Today we have a high probability trading setup on AUDJPY, in fact:

    1. We have a higher bottom (displayed by the Bottoms Tops Signal) because the price is moving up
    2. The RSI Exhaustion moves higher (it is supporting the price up movement)
    3. The RSI Exhaustion is bearish exhausted (the price doesn’t have too much room to move lower)

Moreover, these three conditions happen just above a major support indicated by the Levels and Zones and so the price should find a significant upward pressure at the current level.

Trade update – 28 Oct 2019

What you should do when the RSI Exhaustion moves higher Setup 2

The price is moving fast to the upside and towards our target.

Trade update – 29 Oct 2019

What you should do when the RSI Exhaustion moves higher Setup 3

The trade got a bit compromised by the fact that a minor sell setup emerged while the price kept moving higher.

It should not create any major problem.

However, to avoid any risk, we moved the stop-loss to breakeven so that, in the worst-case scenario, if the price comes back down, we’ll get out of this trade without losing any money.

Actually, we’ll make a small profit!

Trade closed – 29 Oct 2019

What you should do when the RSI Exhaustion moves higher Setup 4

The price just reached the target so we closed the trade with another win.

In the end, the price hit our target without any major concern and the final return was a 3.2x profit that got added to our trading account.

The rising RSI Exhaustion played a significant role in identifying this Trading opportunity.

Then, the additional Trading Indicators for TradingView confirmed that we could take it.

If you’re wondering How many Trading Indicators you should have on your Chart, the answer is simple.

When you use a limited number of quality Trading Indicators, you are well set for long-term profitability.

Is the RSI indicator one of the indicators that you use? Or maybe you use alternative Trading Indicators.

Feel free to share your usual Trading Indicators and your opinion on the RSI Exhaustion by leaving a comment on the YouTube video above.

How we got almost 5x Profit on Facebook stock
How we got almost 5x Profit on Facebook stock 300 169 Minimalist Trading - Indicators for TradingView
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There’s always too much hype when it comes to Facebook stock.

In fact, too many contrary opinions get shared about Facebook stock, also known by its ticker as FB stock.

Here’s the deal.

Ignore the opinions and do your own Technical Analysis as we did in the live trade below on our TradingView chart.

The result?

When you trade according to your rules, it’s relatively simple to become extremely profitable!

Just see what we did.

By using our best Trading Indicators for Stock trading (including the Bottoms Tops Signal, the RSI Exhaustion, and the Levels and Zones), we performed a rigorous Facebook stock analysis.

Thanks to this, we’ve identified a clear and very safe Trading opportunity.

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Trade setup – 2 Oct 2019

How we got almost 5x profit on Facebook stock Setup 1

It looks like we have a trading opportunity on Facebook stock today.

Our trade setup is confirmed by the fact that:

    1. There is a significant divergence between the price, which goes down, and the RSI Exhaustion, which goes up.
    2. The RSI Exhaustion is bearish exhausted, which means that the price doesn’t have too much room to move any lower.
    3. We have a least one confirmed bottom

To set the stop loss and the target levels we exploit the major support and the major resistance indicated by the Levels and Zones.

Trade update – 2 Oct 2019

How we got almost 5x profit on Facebook stock Setup 2

The price moved lower to retest the support.

It was to be expected because we know that the price likes to test multiple times the support and resistance levels displayed by the Levels and Zones.

Right now it’s still in our stop-loss area but the RSI Exhaustion is rising, and so the price should rise as well.

Trade update – 4 Oct 2019

How we got almost 5x profit on Facebook stock Setup 3

The price made a significant up movement, which confirms that our technical analysis is correct.

However, we still have a long way to go before the Take Profit order gets triggered.

Trade update – 10 Oct 2019

How we got almost 5x profit on Facebook stock Setup 4

The trade got interesting because it formed a sell setup.

However, by considering our initial setup, the price action, and what the indicators tell us, we can say that it looks like a minor opportunity.

Because of all these conditions, we just stay in the trade.

Trade update – 11 Oct 2019

How we got almost 5x profit on Facebook stock Setup 5

The price made a gap up, which confirms our outlook and also gave us the opportunity to move our stop loss to breakeven.

So, from now on, we’re in a risk-free trade!

Considering the price action, we should definitely be able to reach the target.

Trade closed – 18 Oct 2019

How we got almost 5x profit on Facebook stock Setup 6

It took some more time but eventually, the price reached our initial target.

In the end, the trade has been rather long but we successfully exploited the price movement between the major support and resistance.

Moreover, thanks to the stock Technical Indicators that we used, we got out of the market with an almost 5x profit on Facebook stock, a 4.85x to be precise.

What’s your experience with FB stock?

Feel free to share how profitable you are trading FB stock (or the other FAANG stocks) by leaving your comment on the YouTube video above.

Why and how you can move your target Thumbnail@300w

How to set Take Profit (and when to Move it)
How to set Take Profit (and when to Move it) 300 169 Minimalist Trading - Indicators for TradingView
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One thing is for sure: without a clear rule on How to set Take Profit, you cannot be consistently profitable.

Luckily, understanding where to set Take Profit is easy!

You just need to keep your trading chart very clean and simple so that you can clearly read the price action.

Additionally, you need to use a few quality Trading Indicators like the ones we’re using in today’s live trade on our TradingView chart.

Once you do that, it becomes very easy to understand where to set Take profit.

But that’s not all!

With the right Trading Indicators, you can also understand when to move the Take Profit level.

Why should you move it?

Because there are trading opportunities, like in the trade below, that you can increase your profit without increasing the risk!

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Trade setup – 25 Jul 2019

Why and how you can move your target Setup 1

The setup is very clear and simple.

We have an impulse down, followed by a consolidation which we both highlighted with the blue lines.

Now the price has just broken down the consolidation, and it did so on a red candle (colored by the Breakout Pivotal Bars).

Moreover, the bearish Sentiment Index at the bottom has broken down its trend line as well, right on the same candle.

This indicates that it is very likely that the price will continue to go down and make a second impulse at least of the same size as the previous one.

Trade update – 26 Jul 2019

Why and how you can move your target Setup 2

The price is moving down nicely, and we moved the stop loss to breakeven so that we’re now in a risk-free trade.

This means that, in the worst scenario, if the price comes back up, we’ll get out of the trade without losing any money.

But considering that there’s no major technical evidence for the price not to go significantly down, we also lowered a little bit the target so that the profit would now be 4.5x.

It is something we typically don’t do but this trade seems to offer the right opportunity to do so.

In any case, we’ll play it safe by lowering the breakeven level should that be required.

Trade update – 29 Jul 2019

Why and how you can move your target Setup 3

The price just continues to go down, and it is forming the second impulse as we anticipated.

Trade closed – 29 Jul 2019

Why and how you can move your target Setup 4

Target reached without any big issue.

The price went down quite gently and as it was coming down we decided to move the target a little bit lower because we were confident in our technical setup.

Moreover, the major support at the bottom was probably attracting the price even lower than our initial Take Profit.

In fact, it did because our Take Profit order was triggered once we reached a 4.5x profit that is a bigger profit than what we initially expected!

Do you typically move the Stop Loss and Take Profit levels while your trades are open?

Let us know by leaving your comment on the YouTube video above!

Learn how to handle a tricky trade Thumbnail@300w

Trade Management: How to handle a Tricky Trade (and earn a Good Profit)
Trade Management: How to handle a Tricky Trade (and earn a Good Profit) 300 169 Minimalist Trading - Indicators for TradingView
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When it comes to Trade Management, especially during a Tricky Trade, is not always easy.

Sometimes it takes deploying a good amount of Trading Psychology.

Other times, like in today’s live trade on our TradingView chart, it only takes a bit of Trade Management skills.

But don’t give up just yet.

Because learning How to Handle a Tricky Trade is simple!

And earning a good profit out of it is not difficult either.

The Trading Indicators are confirming an interesting opportunity that totally fits into our Forex strategy so we get involved in this trade.

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Trade setup – 21 Jun 2019

Learn how to handle a tricky trade Setup 1

We have a clear buy opportunity on AUDUSD which is confirmed by all our trading indicators, in fact we have:

    1. A higher bottom (displayed by the Bottoms Tops Signal)
    2. A higher low in the RSI Exhaustion (it is rising, just like the price)
    3. Bearish exhaustion in the RSI Exhaustion (it is colored red)

Moreover, once we calculate our target, by projecting our impulse to the upside, we realize that ends up pretty much at the same level of a major resistance displayed by the Levels and Zones indicator.

This is a further confirmation that we have a high probability trading setup, the ones that we always look for.

Trade update – 24 Jun 2019

Learn how to handle a tricky trade Setup 2

The price rapidly moved higher about halfway into the target and then formed a top, signaled by the Bottoms Tops Signal.

As of now, it’s not a big issue but since we are pretty far away from the target, we must pay close attention.

Trade update – 25 Jun 2019

Learn how to handle a tricky trade Setup 3

The price is now slightly higher but formed another top, and the RSI Exhaustion is moving lower.

We should still expect the upward movement to ultimately reach our target.

But the current price action is a bit concerning and since we must always preserve the trading account, we decided to move the stop-loss to breakeven.

One of the best Trade Management Secrets that we learned over the years is to always play safely!

Of course, this was also possible by the fact that we are now pretty far away from the entry point and so the price can still come down a little bit without closing the trade.

Trade update – 26 Jun 2019

Learn how to handle a tricky trade Setup 4

The price is trying to move lower but, at the same time, it is “attracted” by the resistance, which is our target.

We say “attracted” because we know from years of experience trading with the Levels and Zones that, once those major levels appear, the price likes to test and retest them multiple times.

For the sake of safety, since this became a rather Tricky Trade, we moved the stop-loss a bit higher.

Again, when it comes to Trade Management, remember to always play safely!

Trade update – 26 Jun 2019

Learn how to handle a tricky trade Setup 5

The price almost reached the target and then retraced a bit.

At that level, too many beginners got emotional and started cashing-in their profits.

We did not, because we have confidence in the setup, and so we simply wait for the target to be reached.

Trade closed – 27 Jun 2019

Learn how to handle a tricky trade Setup 6

And eventually, the price reached our Trading Target!

The trade started as any other regular trade, but then it turned into a rather Tricky Trade.

However, this is not the first time we are faced we the issue of Trade Management during a Tricky trade.

So we just played safely and maintained full rationality.

Even if some contrary signs appeared, we continued to track the price action by moving our breakeven level up.

Like in many other cases, the price ultimately reached our target for an almost 4x profit!

What about you!

How are you at Trade management?

Did you have any particular good or bad experience recently?

Feel free to share it with fellow traders by leaving your comment on the YouTube video above!

Learn this 1-2-3 Buy setup Thumbnail@300w

Learn to Trade a 123 Pattern (Profitable Trading Strategy)
Learn to Trade a 123 Pattern (Profitable Trading Strategy) 300 169 Minimalist Trading - Indicators for TradingView
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Based on our experience, being able to trade a 123 Pattern is one of the best ways to become consistently profitable.

And it’s easy to understand why!

A 123 Pattern is simple to identify and always identical to trade.

For instance, in today’s trade, just by using two of our technical indicators for TradingView, we identify what looks like a very great 123 Pattern.

The technical setup is so clear that we don’t need to add extra indicators and, trust us, this is the best trading strategy.

Because we keep it simple!

For this trade, we use our 123 Trading Strategy, which includes setting a reasonable stop-loss, and to project the first impulse to the upside in order to identify the take-profit level.

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Trade setup – 19 Jun 2019

Learn this 1-2-3 Buy setup Setup 1

The setup is clear and simple. We have:

    1. A higher bottom (displayed by the Bottoms Tops Signal indicator)
    2. A higher low in the RSI Exhaustion (the RSI Exhaustion supports the upward movement of the price)
    3. Bearish exhaustion in the RSI Exhaustion (colored red)

The combination of these three situations forms a high probability trade, in which the price is very likely to reach the target.

Right regarding the target, we simply project the previous impulse to the upside so that, the price should make a 1-2-3 continuation pattern.

Trade update – 20 Jun 2019

Learn this 1-2-3 Buy setup Setup 2

The price is moving higher and the RSI Exhaustion is moving higher as well.

The fact that it is bullish exhausted (colored green) is not a big deal in this circumstance because the price is moving higher, and we expect it to continue to do so.

In similar situations, the RSI Exhaustion could stay exhausted, and maybe even overbought, for a prolonged period of time and the price just continues to rise.

We are expecting a similar scenario now.

Trade closed – 24 Jun 2019

Learn this 1-2-3 Buy setup Setup 3

As expected, the price continued to rise and so did the RSI Exhaustion.

Considering the overall technical outlook, the price might move even higher now.

However, the most important thing is that, by forming a perfect 123 Pattern, the price hit our Trading Target.

We were able to get almost a 6.5x profit, just from this trade.

The best part?

All it took was to recognize the 123 Patter and then execute our 123 Trading Strategy.

Do you usually Trade a 123 Pattern when you see it?

Or maybe you prefer different trading patterns?

Let us know by adding your comment on the YouTube video above!

Look how two resistance levels push the price down Thumbnail@300w

Look how Two Resistance Levels push the Price down
Look how Two Resistance Levels push the Price down 300 169 Minimalist Trading - Indicators for TradingView
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When the Levels and Zones (our Support and Resistance indicator) shows Two Resistance Levels, you should pay closer attention.

Why?

Because it’s rather frequent that a very good trading opportunity forms below the Two Resistance Levels.

Understanding why is very simple!

The Two Resistance Levels play a big role in pushing the price lower and lower.

In today’s live trade we use two additional indicators that are considered among the best TradingView indicators.

In particular, in addition to the Levels and Zones, we’re using the Breakout Pivotal Bars and the Sentiment Index.

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Trade setup – 14 Jun 2019

Look how two resistance levels push the price down Setup 1

The price action is forming a potentially great setup because the price made a first impulse down, and then it is forming a very nice consolidation which is usually the indication of a second impulse down.

If that’s not all, the consolidation is sitting below not one but two major resistance levels that are definitely putting a lot of downward pressure.

Of course, the setup must first complete and get confirmed by our TradingView indicators. Because of this, we cannot open the trade yet.

Trade update – 14 Jun 2019

Look how two resistance levels push the price down Setup 2

The setup has now totally formed and it is definitely a valid setup because:

    1. The Breakout Pivotal Bars broke down the consolidation that we identified
    2. The breakdown candle is red (colored by the Breakout Pivotal Bars)
    3. The Sentiment Index broke down its trendline as well

The three conditions put together signal a very strong downward pressure a so we should expect a second impulse, at least, of the same size as the previous one.

That’s our target.

Trade update – 14 Jun 2019

Look how two resistance levels push the price down Setup 3

The price is falling nicely and so we move the stop loss to breakeven so that we’re now in a risk-free trade.

Trade closed – 14 Jun 2019

Look how two resistance levels push the price down Setup 4

Within a few hours, we already reached the target, strongly helped by the two major resistance levels at the top which put significant downward pressure on the price.

Our technical analysis was correct because ultimately the price moved lower quite rapidly and hit our target for a 2.4x return.

One thing is for sure.

We have probably the Best Support and Resistance indicator.

Moreover, by exploiting its reliability, we were able to develop a very profitable Support and Resistance strategy for the long-term.

Do you usually exploit Support and Resistance levels in your trading strategy?

Or maybe you prefer trading very long trends, like this one?

Feel free to share your approach to trading by leaving your comment on the YouTube video above!

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