The blue marked box is what we call a structure candle. The market typically tests such a candle and therefore we created a trading strategy on it. Now we know where the market will probably go to we just need to wait untill all the rules of our strategy are met to create a setup and ride the trade.
Trade closed: target reached
Winner with a nice 2.43R return
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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.