Potential trade for next week penant on the 4hr pure price action.
What does everyone think the entry point would be for this trade?
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Feel free to like , comment and follow , the more engagement the more I will be posting.
Tell a friend to tell a friend.
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Probably gonna take this trade tonight if I see the right conditions so I’ll keep you updated I’ll tell you lots when to pull the trigger
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Trade entered at 1.9111 SL:1.18511 TP:1.20749
If you havent pulled that trigger you better pull it now
Lets get it.
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Going bed and hope to wake up to some pips but as you know trading can go both ways so therefore nothing is guaranteed but i believe in my strategy see you lots in the morning.
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Just woken up atm I’m in loss of £90 which is quite annoying as before I went bed Price spiked up and I was in profit but since then it has seemed to turn around and has been in out of profit.
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We are only down 100 pips so things can turn around back in our favour at any time and I believe you in my strategy so hold if you still in this trade do not do anything to the sl or tp if it doesn’t recover and hits the sl we would have to accept it’s part of having good risk management.
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If we are only risking 1-3 percent per trade we should be fine as losses do happen but some “traders” will only showing your there wins .
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I’m now up by £120 pounds and up 211 pips patience is literally everything in this trading game😊
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I hope everyone who took this trade listened to me and didn’t close out if not then it doesn’t worry it’s a lesson learnt that you just have to trust the strategy and be patient.
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I’ll keep you lots updated on when to close etc but we may hold this trade overnight depending on whether it reaches the target or not before then.
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If your looking for quality signals like this I'll be starting a telegram trading signal service due to popular demand message me if you'll be intrested in joining there will be no upfront fee I'll just take a certain percentage of your profits.
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Holding this overnight just to let you know if your comfortable with money you made then you can close up if you want.
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Currently up 600 pips😊
Trade closed manually
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Eur/usd sharply turned around and i only made 76 pips could’ve closed the trade a lot earlier so not very happy with this trade but still made profit.
@AlkalineFX, thanks for the comment and yes USD has been looking very weak recently this could even be due to fundamental reasoning as the us economy is suffering and has slumped to one of the worst in history.
@mokhanykhan76 what ur reccmomdation I followed you signal the nzdusd one
ab21
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@mokhanykhan76, thanks for the comment my recommendation for this is to wait until it crosses the yellow line as price rejected there previously when it tried to breakout the first time. ideally I’ll be looking for a bullish engulfing or a bullish hammer candle.