This is a strategy that I developed called "bedding",
the trend-line was drawn on a daily time frame,
I'm hoping for a new four hour candle to open below trend-line "A" and then the order will be ok to execute because price has
also dropped below the "2 stdDev" on the bollinger band.
Targeting level 1170.95 as thats the resistance point of
previous month candle stick, after that stop loss will be moved to break-even.
stop loss of 100pips.
the trend-line was drawn on a daily time frame,
I'm hoping for a new four hour candle to open below trend-line "A" and then the order will be ok to execute because price has
also dropped below the "2 stdDev" on the bollinger band.
Targeting level 1170.95 as thats the resistance point of
previous month candle stick, after that stop loss will be moved to break-even.
stop loss of 100pips.