As per Kathy Lien's Double Bollinger Band Strategy, here we can see a short opportunity as the price action has broken and closed below the 20 day, 1 standard deviation band. We take the open, or as i do the low of the previous close plus 1 tick for a short sell stop order.
Initial stop loss once in the trade is 1 tick about the 15 day simple MA and I aim for a profit target of 1.6 times entry and stop loss difference.
Initial stop loss once in the trade is 1 tick about the 15 day simple MA and I aim for a profit target of 1.6 times entry and stop loss difference.