Trade Idea .
waiting for price to give me at least two bullish engulfing candles to confirm price is continuing with the trend . I will look to scale in after price breaks out of my 61% Break Of Range area.
waiting for price to give me at least two bullish engulfing candles to confirm price is continuing with the trend . I will look to scale in after price breaks out of my 61% Break Of Range area.
Note
For this strategy I like to use my 38 and 61% as a range given the is a visible Fair Value Gap from the previous day close and that FVG will only , for me , be valid if the was an attempt to it on the current day.A 30 minute bullish engulfing stick is always a first confirmation for me , a second one , well buy the second one I looking to scale in .With good risk ,my stop loss below the previous low, I will sit back and enjoy a good book.
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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.