Initial chart setup:
1). Chart time frame: 5min
2). Plot a Horizontal line on the High & Low price of previous two days
3). Look for a High volume candle of previous day and mark the High & Low of the candle as these zones will act as additional Res/Support or Demand/Supply zone.
4). RSI with 2 period to identify Overbought/Oversold area with reading 90 and 10. Mean to say i look for exit from my buy when it reaches >=90 or i will look for short sell when it reaches >=90. I look for exit my short sell when it reaches <=10 or i will look for buy/go long when it reaches <=10
5). My entry and exit will also be on the Candle stick patters and formations near S/R zone.
Will learn more moving forward
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