Example 2: Breakout Trade (Short Trade)
Situation: BTCUSD.P price breaks below a key support level on the 4-hour timeframe.
Enter: 83,800
TP: 82,800
SL: 84,300
RRR: 2:1
Explanation: Enter when the price breaks support, indicating strong selling pressure. Set targets and stop loss based on support and resistance.
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.