One more OVF for you guys. This one is on the 15min chart. Very nice setup this one, you can see the market getting tighter and tighter before the breakout, this is what OVF is all about. R/R on this trade is 8.5/1, a very nice R/R. Stop Loss as usual under the L2 to give the market some breathing room, but we are expecting on the balance of probability that the market will breakout to the upside and re enforce the existing bull trend.
If you want to learn the OVF theory and how it works you can contact me at samuraitrader110gmail.com
Happy trading
If you want to learn the OVF theory and how it works you can contact me at samuraitrader110gmail.com
Happy trading
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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.