A trade we took based on the following idea:
Target 1 - Volatility Channel
Stop loss - Below Daily Volatility Pivot , around old volatility pivot levels ( always enough to favor a R:R above 1)
You can check more about how we trade based on our system posted in our profile, "Gandulfas Trading System"
- Weekly BIAS: Long
- Volatility Channel: Entry on dynamic support
- Momentum Indicator: "Oversold" - Indicating a good retracement
- Volatility pivots: Price just between them, in sync with the volatility channel
Target 1 - Volatility Channel
Stop loss - Below Daily Volatility Pivot , around old volatility pivot levels ( always enough to favor a R:R above 1)
You can check more about how we trade based on our system posted in our profile, "Gandulfas Trading System"
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.