This indicator is designed for reversal trading. When the yellow line breaks down the channel and the position is low enough, watch it cross up to the pink line for a buy opportunity, and vice versa.
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When the yellow line breaks down the channel and the position is low enough, then watch it cross up to the pink line, it will be a good opportunity to buy. And vice versa.
It’s a good tool for the trader who likes to do reversal trading.
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