Disliked{quote} GBPUSD Week 39 Sep 19 to 23: Looking at last week's bearish down move, we see downward momentum and overall stronger USD. So 'Sell Only' is the higher probability trade direction. Sell only with ME/ME with ADR(100) days 142 pips use 0.25ADR(100) 43 pips as trade order distance. Maximum 5 trades to build up to one full position. Use your risk % to calculate your trade lot size. SL above 1.33437 (week 36 high) ca RN 1.3450. Average weekly range 52-weeks ATR is 346pips. Look at previous price action PPA seen on H4: watch out for PA bounce at...Ignored
I took 170+ pips on this baby on D1, manual close at the 100% of 52 W1 ATR.
I will try ME/ME next week on this pair. Any particular reason for using 0,25 ADR instead of 0,5?