Here is what I do with this technique. I was targeting 8 pips net with a 4 pip stop. Both trades bounced at least enough to pay me twice my risk. It helps to have the right market conditions and be trading with the trend. There is also a much higher probability if there is a confluence of support/resistance. The best entry would have been when price touched the ma + prz at around 3pm on the chart today, but I was not present for that one
BTC Return This Year:
13.8%