EURUSD volatility contraction
On 1H chart and Inside candle coinsides with Narrow range 4. We place buy order above the high and sell order below th elow. Firts was filled the sell order. Unfortunately the market reverses and the postion is stopped out for a loss. In this strategy it is better when the position is opened in one direction to move the stopp loss near (5-10 pips) the low of the NR4 candle and leave the opposite entry order. If we do this in our example our buy stop order will be filled and the long position will gain up to 90 pips profit. You always should be flexible and adapt quickly to market conditions.
Tags: