$CVX is showing a pretty clean Power of 3 setup here.
Can this one at least continue trending for a while now? 🙏 https://t.co/DKl9T6ILwE
$CVX is showing a pretty clean Power of 3 setup here.
Can this one at least continue trending for a while now? 🙏 https://t.co/DKl9T6ILwE
$CVX h4
CVX long trade up 16% from entry and now time for a break even stop loss. Now nothing to do but wait for either profit target or stop out at break even. https://t.co/GWO05aSxAs
I just entered a LONG setup on CVX with a risk to reward ratio of around 1:6. The reason this is a valid trade setup is because this is one of the few pairs that maintained 4-hour bullish structure, so this is a typical 4-hour bullish structure discount pullback entry. There are a swing failure pattern and bullish divergence up to the 2-hour timeframe for the trigger. It's risky for those who can't handle taking losses and don't understand probabilities but a no brainer for any experienced trader who knows taking a setup like this every time will result in long term profitability as long as it wins 15% or more of the time.