How to get a 9x profit

How to get a 9x profit 300 169 Minimalist Trading – Best Trading Indicators for TradingView

How to get a 9x profit

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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 just two indicators: the Bottoms Tops Signal in combination with the RSI Exhaustion.

With the Bottoms Tops Signal and the RSI Exhaustion, we are able to identify what appears to be an amazing opportunity. By combining the technical analysis with the indicators, we realize that the current downtrend is definitely not sustainable because the price has been moving down with a very strong and sustained pace without making any retracement whatsoever. Moreover, the RSI Exhaustion and the Bottoms Tops Signal clearly tell us that we now have a setup, and by setting the stop loss and the target we realize that, if we got the analysis right, then it’s going to be an extremely high return.

Trade setup – 19 Feb 2020

How you can get a 9x profit Setup 1

The price has kept moving lower for a prolonged period of time (almost 20 days) at a very constant and sustained pace.

This alone indicates that we should get an uptrend, or at least a retracement, soon.

Moreover, once we add some of our best TradingView indicators on the chart we quickly realize that we might have a very great opportunity.

At least, we have the setup because:

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

Since these three key conditions are met, we place our trade by setting the stop loss a bit lower than the most recent lowest price level, and the target all the way up to where the current downtrend started because a similar downward movement is not sustainable and, if we expect the price to move higher, then it is very likely that it will come, at least, all the way up to where it started.

Trade update – 21 Feb 2020

How you can get a 9x profit Setup 2

The price is moving sideways, which is actually a good sign because it means that it has stopped falling.

Moreover, the RSI Exhaustion is rising like crazy which indicates that the price should rise as well anytime soon.

Trade update – 26 Feb 2020

How you can get a 9x profit Setup 3

The price moved higher. It has just formed a top, but if we look better, we see that the RSI Exhaustion is forming a very bullish pattern so we just stay into the trade and wait for the price to move even higher.

Trade update – 28 Feb 2020

How you can get a 9x profit Setup 4

The price is just skyrocketing… we predicted the up movement and it’s taking place.

The up movement also gave us the opportunity to move the stop loss to breakeven so that, if the price comes back down, we’ll still close the trade with a very nice profit.

Trade closed – 2 Mar 2020

How you can get a 9x profit Setup 5

We kept it simple, we trade it safely and we reached this amazing target!

The price accelerated as the trade evolved and we ultimately got a 9x profit! How amazing is that? This trade is the perfect demonstration of how it’s possible to get a 9x profit by making a clear and simple analysis. If you’re looking for a way on how to make money on foreign exchange and maybe you want to become a full time forex trader, then you might want to check out this profitable forex strategy because we’ve been using it since many years and it proved to be extremely reliable once again.