Now I have named this trade setup I see it everywhere. I prefer to see it in a trending market, but in this case it’s just a reversal – although it is a very strong level with plenty of confluence. The entry gives 20pts or 1R which is very impressive considering the day’s range was only 50pts.
TRADE PLAN: the H-C-B is now added to my list of bread and butter trades and provides the perfect complement to the already very successful 3Min Bolli setup; the trade is not valid if price is outisde the M3 Bolli Band at the entry point.
