A trade we took based on the following idea:
Target 1 - Volatility Channel
Stop loss - Below Daily Volatility Pivot , around old volatility pivot levels ( always enough to favor a R:R above 1)
You can check more about how we trade based on our system posted in our profile, "Gandulfas Trading System"
- Weekly BIAS: Long
- Volatility Channel: Entry on dynamic support
- Momentum Indicator: "Oversold" - Indicating a good retracement
- Volatility pivots: Price just between them, in sync with the volatility channel
Target 1 - Volatility Channel
Stop loss - Below Daily Volatility Pivot , around old volatility pivot levels ( always enough to favor a R:R above 1)
You can check more about how we trade based on our system posted in our profile, "Gandulfas Trading System"