How we earned a 5x profit safe and fast

How we earned a 5x profit safe and fast 300 169 Minimalist Trading – Best Trading Indicators for TradingView

How we earned a 5x profit safe and fast

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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.

Our trading indicators are indicating yet another setup on this pair shortly after we closed the previous winning trade. This time is a short setup that, in particular, is confirmed by the divergence between the price and the RSI Exhaustion, the RSI which is indeed exhausted and the top. By looking at the most recent price action, we identify a rather significant structure and so we set our target at that level because, if the price wants to go down, then it is very likely that it will touch that level and, in this regard, we play it very safely.

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 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 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, but 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 return in a very short time. Actually, this trade is a great example of how we earned a 5x profit safe and fast. And this is not to celebrate our performance, but rather to demonstrate that when you have an easy forex strategy which allows you to perform a clear and simple analysis and to build a clear and simple setup then what you actually have is a very profitable forex strategy for the long-term.