Thread by @Mohitsharma202

Swing Trading Strategy ‼️

That can help you generate Monthly Income ‼️

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Content:-

✅ What is Setup
✅ The Rules of Setup
✅ Some Examples of Setup
✅ Summary

What is Setup:-

Setup is a complete price action based & candlestick based patterns based

Any type of indicator is not used in this setup

It's a beginner to advance level setup with a good Risk & Reward Ratio

The Rules of Setup:-

1-> We will use daily time frame charts for the analysis (after some practice you can use this setup in an hourly time frame also)

2-> We will watch the price action like 3 Big Red Candles one after another like the below example

3-> After that we will wait for Hammer candle formation it can be red or green no issue

4-> Now we will wait for the REVERSAL Candle if next day Candle breaks the Hammer candle HIgh it will be our entry point

It's a very simple but effective setup that is used for Reversal trades

Here are some examples you can get more clarity

#Maruti Example

✅You can see a clear 3 Red Candle falls after that hammer candle formation

✅After that clear reversal candle closes above the hammer candle

✅ After that market reverse completely

#Titan Example

✅You can see a clear 3 Red Candle after that hammer candle formation

✅After that clear reversal candle closes above the hammer candle

✅Market reversed completely

Please Note:

This is a reversal-based strategy

You can get a good risk-reward ratio because the stop loss will be below of hammer candle & the target should 3 times of stop loss

You can trail your profit after 1:2 is complete & never risk more than 2.5% on one single trade

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