Using the POC entry for daytrading
Sometimes not only on the 1 hour chart but but on the lower timeframes there are POC support areas marked by the session volume indicator.
On 5 min breakouts the next target has to be away at least as the width of one bar. R 1:1
On pullbacks to prior POC, like marked on the chart from 12 to 15.72 there is a very high risk to reward.
On 5 min breakouts the next target has to be away at least as the width of one bar. R 1:1
On pullbacks to prior POC, like marked on the chart from 12 to 15.72 there is a very high risk to reward.