EURUSD 30m . Just now, I have got a 7:1 return

FX:EURUSD   Euro / U.S. Dollar

X point is a structure, hoarding a large number of unfilled orders

Point C is the high point created by the X structure.
Point B is the first test to sell the X structure, and there is no new low.
Point A is the rebound of point B after the X structure test.

So if the buy order for the X buy structure is not strong enough, then why is there a point where point A is higher than point C?

Therefore, when the new high A point appears, the bullish sentiment will rise. When the price falls back to the X structure again, we will grab another rebound with the smallest stop loss. The reason is that point C has been broken by point A.

We don't need to think that we can catch a big market every time. When we have the risk quota and size, we can calculate the larger size based on the stop loss spread and quickly make a big profit in the short-term.

Also, let's focus on the 4H closing. If the backstepping structure is effective, then in the short term, we can switch to the long idea.

There are two reasons
1, Y point is the 0.886 golden section of this downward trend to stop the decline;
2; The megatrend is still a bullish structure, and the Y point has not been broken.


Related Ideas

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out