While I usually don't use ATR, I'm currently experimenting with it to fine tune entries and set stop loss. ATR is currently at a 10-day low of under 100 pips. Price tested another daily level, which took a lot longer to reach. This signals that bullish pressure is dying off, which is further strengthened by the quick sell off of this level.
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.
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.