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: Traditionally placed just below the low of the signal or setup bar to manage risk. Exit Targets : Target 1 : A distance equal to the length of the setup bar. Target 2 : Twice the length of the setup bar.
: It works in any market and timeframe but is often recommended for daily charts for consistency.
Look for a bar that closes in the upper 25% of its daily range (for longs) or lower 25% (for shorts).
: Traditionally placed just below the low of the signal or setup bar to manage risk. Exit Targets : Target 1 : A distance equal to the length of the setup bar. Target 2 : Twice the length of the setup bar.
: It works in any market and timeframe but is often recommended for daily charts for consistency.
Look for a bar that closes in the upper 25% of its daily range (for longs) or lower 25% (for shorts).