Introduction :- In this post we learn about how to hit target more than 90 pipes as shown as figure so if you follow the pattern than you can easily book profit.
So first to first welcome to this article now keep learning and careful learning and enjoy every movement with learning.
About this pattern :-
The double top pattern is very simple to define and trade so if you focus on this pattern than you can easily make money.
Now I am telling about some fact about this pattern if you want to make money using this pattern than you must try to follow wait more and also you have to find a trap breakout.
If you able to find the trap breakout than you can easily make money using double top pattern.
Why we need wait for trap :-
If you not wait for trap than me be you have to book looses because every good movement first form a false or trap movement than you can go with true movement.
How to identify this is trap :-
It is very easily to identify trap first to first you wait for any big candle and than see the strength of big candle like that in this image you can see than a big green candle is form.
If according to this green candle if you take trade than you may be you can get looses you if candle size is very big that this this is trap and also its stop loss is very big.
So, this type of trade try to avoid this because its stop loss is very big and also may be if candle size is very than that means may be it is trap.
How to get perfect entry in this pattern :-
This is very simple to get perfect entry like that first to first if you want to trade and take position than to your thinking form entry at least gap between 2 candle if you wait for 2 candle than it can help you to perfect entry.
Why we need to wait for 2 candle :-
The main region to wait is your perfect entry or true entry or avoid false breakout so when you are waiting more than 2 candle that time you see volume and candle size.
Importance of candle size :-
The candle size is very good role to achieve your target like that if you candle is average at the resistance and support level than you this is perfect entry and if candle size is very big of more than may be this is false breakout.
Conclusion of this article :-
- First you wait for more than 2 candle.
- Must be see you candle size.
- Without chart pattern or candle sticks don’t try to entry.
- Without seeing nearest resistance and support don’t try to entry.
- First you find trap.
- Must be see one time your volume strength.
- According to trend take trade.
- You can use two indicators EMA(9) MA(200) in this image EMA cross down MA.
- Must be stop loss is not greater than 5% out of your capital in pipes 20 to 30 pipes only.
