Expert opinion. Measured Move is a classical technique taken from graphical analysis. But in the classical version, the movements analyzed are of a larger scale then just a few candles.
Expert opinion. You can use this tactic in any chart of any scale and with any commodity.
Expert opinion. Always analyze the profit/risk ratio in the trade. The specific nature of this strategy is that the potential risk will be higher than the potential profit. You can feel free to ignore these signals. But if you do, the number of completed trades will drop significantly.