Momentum trading algo:
TP1 - First swing low
TP2 - Second swing low or trailed SL
SL - Above baseline / prev swing
Stops to B/E after TP1 hit.
Trade closed: stop reached
A third grab seemed unlikely, but such is life. On to the next trade!
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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.