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Re: 🌔 VZU TRADING SYSTEM 🌖

Nabs, Mon Dec 09, 2024 7:20 pm

Personally, I don’t use PR for exits because it’s not reliable enough. I prefer a mix of Fibonacci and price action I look for reversal signs above the 50% of the previous swing OR i target the nearest expansion line. For example, this morning I took +80 pips on GBPJPY, but I probably exited too early (however, it was enough for me, especially since London was just opening and there was a risk of a big pullback.). It’s likely to go a bit higher towards the expansion line, maybe even grab some liquidity above before a major pullback.
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