Hello everyone, This morning was a great chance to show the power of using Standard Deviation (STDEV) for targets. I usually put it on the London session. That's what I've done here.
As you can see, the levels are almost identical to the ones marked using market structure. This is another useful advanced tool that can add to your arsenal to help bring your trading to the next level.
This is very easy to use, and you can use the FIB tool with these levels to make your own STDEV tool. I hope you found this insightful and useful. Happy Holidays!
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I'd like to add you can ALSO use this on a manipulation leg or pullback. check the 9 min chart and place it on the first pullback candle body. (15952.25, 15913.00)
Trade closed: target reached
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16050.00 Target acquired. Done for the day stay green friends!
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Don't EVER Fade me unless you like getting wrecked