Example 3: Pullback Trade (Short Trade)
Situation: BTCUSD.P price pulls back to the EMA 50 on the 4-hour timeframe and a reversal signal occurs.
Enter: 84,200
TP: 83,200
SL: 84,700
RRR: 2:1
Explanation: Use the EMA 50 as dynamic resistance for entry. Set targets and stop loss accordingly.
Notes:
* These setups are examples and may need adjustment based on real-time market conditions.
* RRR stands for Reward to Risk Ratio, reflecting the ratio of expected return to acceptable risk.
* Prioritize risk management and use appropriate lot sizes.
Disclaimer: Trading involves risk. Investors should conduct thorough research and exercise prudent judgment.