Hello Traders!
This is my first post for this exotic pair. It has broken out of a triangle and price has managed to hold up top. the few candles circled are a perfect indication that this trend is healthy and may continue. Forget the 1.27 Ext for first target, just shoot for the 1.618 as this seems very probable and like the best option for a first TP.
The setup is for demonstration purposes only. The entries should be taken on th 4hr TF or lower, ideally on the 1hr or 15min chart for a R/R upwards of 10/1.
You could enter on price action before the break, add positions after the break, whatever floats your boat.
done correctly, 1% risk may get you 10%. 2% may get you 20%. 5% risk will make you half your account or more. Please proper trade and risk management for the best results.
I may start posting trading videos on Youtube explaining a bit of the thoughts behind the trades and the process to improving as a trader. Please like and comment if you'd want to see them come out. It'll be some great content thats helped me in the last 2+ yrs
This is my first post for this exotic pair. It has broken out of a triangle and price has managed to hold up top. the few candles circled are a perfect indication that this trend is healthy and may continue. Forget the 1.27 Ext for first target, just shoot for the 1.618 as this seems very probable and like the best option for a first TP.
The setup is for demonstration purposes only. The entries should be taken on th 4hr TF or lower, ideally on the 1hr or 15min chart for a R/R upwards of 10/1.
You could enter on price action before the break, add positions after the break, whatever floats your boat.
done correctly, 1% risk may get you 10%. 2% may get you 20%. 5% risk will make you half your account or more. Please proper trade and risk management for the best results.
I may start posting trading videos on Youtube explaining a bit of the thoughts behind the trades and the process to improving as a trader. Please like and comment if you'd want to see them come out. It'll be some great content thats helped me in the last 2+ yrs
Comment:
Its setting up to go towards the lows. We can look into buying very soon.
Comment:
That is the entry setup. I cannot trade this as my broker doesnt have GBPDKK
Good Luck!
Good Luck!
Comment:
Anybody who got in with the past setup, Move SL to break even. there a free trade. nothing better. is up 40+ pips. target is 400
Comment:
Over 100 pips so far.
David K Giraldo