short and long idea
1. Wait for the price to test the pivot point S1 and bounce. You will know this when a bullish conviction candle is formed. Go long and target PP 1901 and 1902 zone. If that zone breaks you can aim higher and go for 1909-1912 zone.
2. Once the price reaches the PP zone, wait for the price to bounce off that zone and go long. Target for S1
3. For your stop losses, make sure you put them in an area your position has more breathing room but my idea will guide you on where you can put those
4. For this stratedy, use the Stoch as your guide. When those specific areas are reached by the price, use the Stoch to identify when the price will reverse. You can combine that with candlestick pattern analysis for more confirmation
happy trading
2. Once the price reaches the PP zone, wait for the price to bounce off that zone and go long. Target for S1
3. For your stop losses, make sure you put them in an area your position has more breathing room but my idea will guide you on where you can put those
4. For this stratedy, use the Stoch as your guide. When those specific areas are reached by the price, use the Stoch to identify when the price will reverse. You can combine that with candlestick pattern analysis for more confirmation
happy trading
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.