Plan-
1-WAIT for 4hr close above this support zone.
2-WAIT for next 4hr to retrace
3-WAIT for 30min key candle or even 1hr confirmation that price now wants to go up.
4-Enter buys upon confirmation. remember this 4hr candle can be a fakeout so wait for confirms.
15-20pip stops
target- resistance at 1.61314
Move stops into break even and see if you can let the trade run. keep stops just below the wicks of 4hr candles.
i do see this trade going to 1.61960 but ill be more than happy ''if'' i get those 66pips ;)
1-WAIT for 4hr close above this support zone.
2-WAIT for next 4hr to retrace
3-WAIT for 30min key candle or even 1hr confirmation that price now wants to go up.
4-Enter buys upon confirmation. remember this 4hr candle can be a fakeout so wait for confirms.
15-20pip stops
target- resistance at 1.61314
Move stops into break even and see if you can let the trade run. keep stops just below the wicks of 4hr candles.
i do see this trade going to 1.61960 but ill be more than happy ''if'' i get those 66pips ;)
Trade closed manually:
Stopped out in profit at 45pips, not added to spreadsheet yet
Comment:
Added to spreadsheet
Comment:
This trade was stunning, i was over ambitious, but good RR with just a 15pip stoploss for 50+pip profit margin.
Comment:
Added to spreadsheet