Exploit same price movements

Exploit same price movements 300 169 Minimalist Trading – Best Trading Indicators for TradingView

Exploit same price movements

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Introduction

Today we’re looking at another trading setup using our technical indicators, which are considered to be among the best indicators for TradingView. In particular, we’re using the Bottoms Tops Signal in combination with the Levels and Zones, and the RSI Exhaustion.

What we should expect from our technical analysis is the price to make a second movement identical to the previous one and so we can exploit what could be easily called as the best forex strategy for consistent profits using our trading indicators for TradingView.

Trade setup – 5 Mar 2018

Exploit same price movements Setup 1

All the key conditions are met. In particular:

    1. We have a bottom which is higher than the previous one
    2. The RSI Exhaustion has made a higher low as well (follows the same price movement)
    3. The RSI Exhaustion is bearish exhausted

If that’s not enough, the current retracement will find a hard time moving even lower because we have a major support, displayed by the Levels and Zones, just below.

When we combine all these factors, we can definitely expect an upward movement, at least about the same size as the previous one.

Trade update – 5 Mar 2018

Exploit same price movements Setup 2

The price is moving pretty much sideways but the RSI Exhaustion is moving higher, which indicates that the price should move higher, just like we expect.

Trade update – 6 Mar 2018

Exploit same price movements Setup 3

The RSI Exhaustion is now even higher while the price is just slightly higher. It’s hard to predict how the price will move but considering all the upward pressure from the RSI Exhaustion, we might get a very quick movement, at least this is a typical signal of such movements.

Trade closed – 6 Mar 2018

Exploit same price movements Setup 4

Within two candles the price accelerated to the upside and reached the target.

Eventually, the price made a very similar movement to the first one just like we were expecting, and so our price action analysis and fx strategy turned out to be once again profitable.