Reversion to the mean Range trade
Updated
Setup: HolpReversal range trade
Trade rating: 4/5
Reward: risk: 2:1
Market conditions: Low Liquidity
This seems extended to the upside and the trend is to the downside therefore this looks like a great place to go short. if it did break the above support then I would say the trend may be shifting to the upside. I am waiting for a close below the previous candles low.
let me know your thoughts in the comments :)
Order cancelled
never reached our entry parameters
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