HIGH PROBABILTY TRADE with reversion to the mean concept
Hi Traders,
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a long set-up.
Happy trading !
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a long set-up.
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.