UPDATE 1: Stopped out
This is an example of a perfect setup for me. Its really simple but it works.
We have a clear structure ( lower highs - lower lows ) and when the price retest the previous structure level (resistance) we have a huge rejection. My experience says that price will arrive previous low with about 65% winning rate.
Now I am waiting for the creation of new lower low.
Risk Limit - 2% balance
Risk/Reward - 2
Lest see what happens. Best of luck!
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.