When MA are telling that it is a bear market, but I trust AVWAP (5days) which gives me a good entry point.
I’ve been trying AVWAP for 2 months and has given me 489% growth with a 1.83 profit factor.
I am confirming my entries with
- Fibo
- Candle pattern
- Elliot
- Volume and SMA
Is anyone using similar combination for confirmation.
Am open to have your questions and comments.
Trade closed manually: Ive manually closed at the 0.7 Fib (daily), reporting over 10% profit.
Also forgot to mention that the 5 days AVWAP it is the yellow thick line you see at the bottom of the chart.

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