This is a very quick trade, like a scalp on the daily chart, it works because of the bar formation in a strong downtrend. Will update, but as you can see it's either -1R or +1R, should happen soon after price chooses a direction.
Trade active
BE at +15 pips.Trade active
BE +5 at +20 pipsTrade active
Now BE +10 pips, either breaks thru or not.Trade active
BE +16 pips, almost about to break thru to that ahhh...moment.Trade closed: stop reached
Out for +16 pips
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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.