This strategy is said to be very reliable, specially on higher timesframes (D1 and more).
I should notice this setup yesterday but its not late.
Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately within 3 candles
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2
Lets see what happens
Best Regards
I should notice this setup yesterday but its not late.
Here is the textbook theory:
1) Prices is on clear downtrend
2) Prices breaks an important area of S/R and retraces inmediately within 3 candles
3) There is divergence on histogram and moving averages on MACD
4) Risk/Reward ratio: at least 1 to 2
Lets see what happens
Best Regards
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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.