Hello traders!
We are looking to buy on the break of the green rectangle to catch 50 pips
between the B and C lines. Price may go a lot more than 50 pips or even less,
the lines work to determine most likely pip range for a decent trade.
This trade can also be taken with a buy stop order as a set&forget setup.
It is recommended to position stop no further away than 1:1 RR away from entry,
although this may vary with markets and volatility.
Best,
Jay
We are looking to buy on the break of the green rectangle to catch 50 pips
between the B and C lines. Price may go a lot more than 50 pips or even less,
the lines work to determine most likely pip range for a decent trade.
This trade can also be taken with a buy stop order as a set&forget setup.
It is recommended to position stop no further away than 1:1 RR away from entry,
although this may vary with markets and volatility.
Best,
Jay
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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.
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.