> Higher High and higher low printed > Break out of the triangle formation > POC below current price > Last weekly high far away
Structurally, this is a long based on the rules of our Wall Street H/L System. It is, however, a little risky ahead of the FED tonight. Why? Because the decision + press conferent COULD lead to direction-changing moves. If you do not mind economic data risk, you can enter.
Also check out my stream on the FED + Swingsetups:
The trade made aprx. +50 Pips since entry. If you do not want to risk much more, you could take some profits here. There is potential to move higher, but 50 Pips is already decent.
Trade closed: target reached
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Our target area has been reached. Congrats everyone for taking this trade.
@TradingView, Many thanks! Great platform here and looking forward to the next years.
ProjectSyndicate
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very well this is great, excellent mark-up on your chart.
WallStreetIntelligence
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@ProjectSyndicate, Thanks. The last signals are included. Win rate with our H/L System is about 70%. 30 SLs out of 100 inlcuded. But it's all about the long run. Ill keep posting setups in H4 every week.
Zestiria
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Cool
WallStreetIntelligence
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@Valerus_Forex, thank and happy trading!
BullTrendz1
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Everyone should have the opportunity to build a gazebo at least once in their lives, twice in 1.5yrs for us 🤣 3 roof panels done. Two of them are 16x7ft! Roughly 300 boards and 1100 screws and other bits.
WallStreetIntelligence
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Hi Everyone and thank you for you comments. Much appreciated.
Just a reminder: The trades I am posting here are part of a system from New York. They play out profitably over a large set of trades i.e. 100-300. There will be TPs, there will be SLs. But if we keep our risk per trade constant and low as % of our trading capital, profits will komme. Just dont risk it all on one trade, no matter how good it looks.
Appreciate all the support and I'll keep on posting couple of times a week.