Sell these tops when you see them

Sell these tops when you see them 300 169 Minimalist Trading – Best Trading Indicators for TradingView

Sell these tops when you see them

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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.

We have a very great technical setup which is only slightly compromised by the fact that we’re sitting above a support level, indicated by the Levels and Zones. This means that the price might find a hard time moving down. For this reason, we remain a bit generous with our Stop Loss, but apart from that, we trade our fx strategy regularly just like we were to trade in a forex for noobs training session.

Trade setup – 26 Feb 2019

Sell these tops when you see them Setup 1

Apart from the fact that the price is above a support level, which might prevent it from moving lower, we have a great setup because:

    1. The price moves higher while the RSI Exhaustion moves lower, which means that they are in divergence
    2. The RSI Exhaustion is bullish exhausted (colored green)
    3. There a confirmed top (actually there are two very close to each other)

We are forced to stay a bit generous with the stop loss due to the fact the price is above the support level, but apart from that, we trade the setup as usual.

Trade update – 27 Feb 2019

Sell these tops when you see them Setup 2

The price is finding a hard time in moving lower but the RSI Exhaustion keeps going down so, eventually, we should see the price to move down as well.

Trade update – 27 Feb 2019

Sell these tops when you see them Setup 3

Here we have the downward movement which should continue considering the overall technical outlook.

Trade closed – 27 Feb 2019

Sell these tops when you see them Setup 4

If the trade started slowly, it then accelerated towards the second part and the price ultimately reached the target.

The 2.6x profit that we got is yet another confirmation that we are indeed using probably the best forex strategy for consistent profits out there.