i will be shorting this around 0.686 with stoploss aroun 0.69 or below 0.6824 with stop loss around 0.685 with first take profit around 0.6774. This is an counter trend trade and its based on the 50 percent rejection of Clone A.
Hi - Could you explain your 50% clone and your method please - your charts are quite clear, but I'm not understanding the thinking behind the planning
Thanks
GcNaif
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Clones is an concept shown to me by fellow tradingview trader named @nmike. The reference range box is drawn based on the pivots or rather picking the important area where the price ranged for a while. then draw the equal boxes of ref range ,we call those equal boxes as Clones. You can get the details of Clone if you visit @nmike profile on tradingview. i hope i answered your question @SaeedRehman
SaeedRehman
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Perfect - I will check it out tomorrow. Very interesting
Thanks