Hi guys!
I have here a simple trade this week, checking the daily TF of pound dollar, i noticed a supply above (nov. 29 2023) -Nov. 30 move.
After checking the bullish move on daily---> 4h---> 3h-->2h--> 1h. I checked for possible demand zone and set a pending order in my mt5 raw account.
Nov 30 2023--> it reacted to my POI (point of interest) . so i wait...
So I am going to breakdown an indicator that I have featured alot in my trades, so if we look at the crude oil chart here, we can see that in total we have 5 notable crosses of the rvi indicator, 3 bearish trades and 2 bullish trades for a total of 510 pips, 5 winners out of 5. Now the magic of the indicator is that it is both an entry signal and an exit signal,...