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Forex48_TradingAcademy
Feb 13, 2024 1:07 PM

Pullback After Breakout Entry M15 Approach Education

EUR/USDOANDA

Description

In this model, we define an approach that I personally use a lot, namely the creation of a demand or supply zone on the H4. In this case, we are observing a demand zone. Once the zone has been plotted on the chart, we wait for a retracement on the M15, and as soon as the market shows a structural change, in this case to the upside during the three London, pre-NY, and NY sessions, always considering to have the midnight open behind us, we can enter the market. The target will be the nearest swing high level, always considering to have at least a risk/reward ratio of 1.5. Best regards and have a good day everyone.
Comments
Palambir
Correct. order block
Forex48_TradingAcademy
Hi traders, what do you think of this model?
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