Hi Traders,
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a long set-up.
Happy trading !
This is one of my favorite set-up (Daily timeframe).
The market has taken the stops (looking left) with a strong and massive bearish impulse move putting the price far away from the "mean" (10 & 20 moving averages), where I noticed that the market is likely to come back and retest the moving averages (attract like a magnet).
Two great conditions for a long set-up.
Happy trading !