Alright, here is one cheeky setup that can possibly be played out.
So we have POI with:
1. 4H 50EMA
2. zone of S/R
3. 3rd touch of ATL
4. 61.8% fib level
All we need is 1H-4H rejection candles to be sure that this zone is respectable, so we can make entries from there ;)
So we have POI with:
1. 4H 50EMA
2. zone of S/R
3. 3rd touch of ATL
4. 61.8% fib level
All we need is 1H-4H rejection candles to be sure that this zone is respectable, so we can make entries from there ;)
Trade closed: stop reached:
So guys, we saw such a beautiful 4H candle, it would have been a sin if I hadn't gotten into position :D, buuut unfortunately price didn't respected the POI at all and it smashed SL right away
