We’re in the long for BAT daily since the long setup triggered at trade (1). At (2) we took partial profits (off the 4HR chart signals), and reinforced the position at (3), following the re-entry signal strategy. We’re now at resistance (4) and a weak overextension signal. The red line is where we placed our stop according to the 4HR chart.
We have a medium overextension signal at resistance. Looking for the signal to become extreme (red) and for reversal candles following. Let’s see how it plays out..
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If you want to try the indicator out, follow us and drop a comment and we’ll get you set up.
Like and subscribe if you enjoy our work!
Stay calm, and happy trading!
Comment:
Price broke down and we have no entry signals from the indicator (long or short), so we wait or the next opportunity.
