How do you determine when you have a “no brainer” high-probability setup?
The answer is when a vast majority of trading concepts are in alignment that the odds of success are great with little risk of failure.
At Master Trader, we have several criteria to define quality setups based on the structure of the price pattern – not misleading, subjective indicators.
Trading can be treacherous if you don’t know what to look for.
We’re going to show you how to analyze a compelling Breakout setup on WDAY which had bullish price action on Multiple Time frames (MTF).
We will also explain what classical technicians call a bullish inverse head and shoulders and how to use Master Trader Strategies (MTS) to make sense of it in simple candlestick terms using supply and demand.
And with a bullish Gap that ignited the long entry, it made WDAY a fantastic setup for day and swing traders.
Once in a trade, we are in trade management mode.
We recommended selling part of the position into strength for nice, quick gains, and are trailing the remainder.
Management updates are sent intra-day by text message to subscribers.
Nice trade!
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