i've been doing a lot of research based on ATR and how important that indicator is in forex.
Using ATR as stop loss is a commonly known strategy, but what works best?
im currently using major support / resistance levels combined with ATR to come up with my SL and TP levels.
1X ATR is my SL, 2X ATR is my TP. Always a 1:2 R/R
USD JPY
ENTRY 108.300
SL 108.865
TP 107.17
Using ATR as stop loss is a commonly known strategy, but what works best?
im currently using major support / resistance levels combined with ATR to come up with my SL and TP levels.
1X ATR is my SL, 2X ATR is my TP. Always a 1:2 R/R
USD JPY
ENTRY 108.300
SL 108.865
TP 107.17
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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.