Learn this 1-2-3 buy setup

Learn this 1-2-3 buy setup 300 169 Minimalist Trading – Best Trading Indicators for TradingView

Learn this 1-2-3 buy setup

◷ Last updated

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 RSI Exhaustion.

By using just two of our technical indicators for TradingView, we identify what looks like a very great 1-2-3 buy setup. The technical setup is clear, so we don’t need to add extra indicators and, trust me, this is the best way on how to read forex because we don’t overcomplicate simple things. For this setup, we use our easy forex strategy, which includes setting a reasonable stop loss, and to project the first impulse to the upside in order to identify the target level.

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
    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 movement.

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 just continued to rise and so did the RSI Exhaustion.

Considering the overall technical outlook, the price might even continue to rise, but the most important thing is that we reached our target.

Well, if you’re looking to learn how to make money on foreign exchange on a consistent basis, you should definitely consider trying this fx strategy, because it’s probably based on the best forex indicator combination and in fact, we were able to get almost a 6.5x profit, just from this trade.