OMGBTV- 4hr plan - mean reversion
OMG - this is a good set-up for long trades - looking for retracement level of 50% or mean reversion and a confluence of good support to enter long and looking for a HH. I will be looking for a candle pattern (reversal) or a 1-2-3 on hourly chart to mitigate my risk. Then I will take profit at the overlapping extention of the two swings. A good risk/reward trade.
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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.