I have started a 25 block demo trade idea over the next few weeks, if i make consistent profit with my strategy i will be going live. Ideally i do not want to trade at this time of night as its not in my treading plan but its all for demo and i can only fit 1 Hr/4 Hr whilst working.
With this idea EUR/USD is very Bullish on M/W, and daily, we have clear targets above. Price has expanded from my POI banker candle and is flagging back down. My POI candle has taken liquidity and a nice reaction above has happened, my FIB zones (Kill zone) match my POI and we have IPA around my POI also. I see no reason for price to break structure below on the 1 Hr, I do not like all this wick on my POI candle but like i say its all for demo. My trade plan is risking 2% at RR 1:5 and that is what is in this trade idea with an 18 PIP SL.
SL hit on this trade, however it created another candle with wick that took liquidity below my POI, if i had waited for this i.e 2 and 2 strat this would have worked and i think this will now take us above to IPA. I will post the outcome/finish of this trade and we can save it and learn from it.