I saw this strategy in the FX magazine and seems interesting the author of the article explained he used this strategy to filter the market and not overtrade. I added the Hawk Eye which was made by Lazy Bear and is excellent to clarify the side of the market. I also use the Bandwith ( which is the difference between the upper and lower band, BandWidth decreases...
Not really worth taking this trade because of the 1:1 win ratio. Pulled back with a good candle formation with the next day bullish confirmation. target is at trend channel exit. Stop loss is a bit below the pullback region support area.
This stock has peeked with a negative divergence and it is currently trading below the 50 moving average. At moment it is making higher lows with a falling wedge chart pattern.
This head and shoulders' top has measured move to $55.50 and needs confirmation tomorrow. If price moves below today's low and volume kicks in once again, it is a good sell candidate for short. If you decide to take a short position, make your stop at recent swing high at $66 area with target price to $55.50. If you like this trade, join us www.woowtrading.net
