One example of a very safe trade

One example of a very safe trade 300 169 Minimalist Trading – Best Trading Indicators for TradingView

One example of a very safe trade

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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.

The price action and our technical indicators are offering us a very safe trade, which we decide to trade on the conservative side because further analysis suggests that a major resistance might prevent a bigger target. This is one example of a very safe trade, which has the potential to guarantee a nice profit. If you’re looking for the best forex strategy for consistent profits you should definitely consider this one.

Trade setup – 1 Nov 2018

One example of a very safe trade Setup 1

The setup is very clear in this case. We have:

    1. A higher bottom
    2. A higher low in the RSI Exhaustion (which means that the RSI Exhaustion supports the price movement)
    3. Bearish exhaustion

The only concerning thing is that between our entry price and the expected target, there’s a major resistance level displayed by the Levels and Zones. Such major resistance poses a potentially big problem in reaching the target because it is very likely that it will slow down and eventually stop the price as it approaches the sell zone and the resistance as well.

Because of this analysis, we set our target right at the resistance so that we dramatically increase the chances of being correct and we get involved in a very safe trade.

Trading safely is the best way to go for consistent profits and, if we’ll get it right, then it’s going to be a 2x profit.

Trade update – 1 Nov 2018

One example of a very safe trade Setup 2

The price is moving rapidly towards the resistance.

Trade update – 1 Nov 2018

One example of a very safe trade Setup 3

A top appeared and the price is now moving lower, however, there’s no technical evidence that our setup is invalidated so we stay rational and stay into the trade.

Trade closed – 2 Nov 2018

One example of a very safe trade Setup 4

The price continued to move sideways for quite some time and within three candles went to the target allowing us to close the trade with a 2x profit.

Ultimately the price moved as we initially predicted, confirming the fact that a clear and simple chart pattern analysis is essential even with the best currency trading strategies.