Confirmations:
LTF matching HTF
Wyckoff accumulation
Triple bullish BOS
Secured lows with manipulation ( Elliot )
Fractal Second/1Min TF accumulations
TP 1 (partial): 1.22760
TP 2: 1.23430
SL: 1.22335
Comment:
RR: 1:9.84
Comment:
SL moved to 1.22360
Comment:
If it breaks 1.22630 it will raise the probabilities a lot and should reach our TP 1 partial, i will close 50% of the position there.
Comment:
Volume and movement finally seems to grow which is good indication for this strategy, we should see some bigger moves in the next hour.
Comment:
Price just tapped 1.22630 which is not enought, we neeed full candle close above it.
Comment:
Price seems like building more liquidity but if it gets now back to our entry we need to be careful because in this situation if it doesnt form new accumulation/consolidation near the entry or above the trade may not hold.
Comment:
Finnaly we got break above 1.22630. Now i expect atleast TP 1 to be met. Before the news i will look for ways and confirmations to make this trade risk free.
Comment:
TP 1 partial hit and secured 4.30%. Now im waiting for some lows above the entry to get manipulated and after that form new high so that i can move SL to BE and make it risk free.
Comment:
Moving SL on entry so from now the trade is risk free. Im not gonna trail stop because i dont use this method.
Trade closed: stop reached:
SL got hit at BE and the trade is technically a loser but still made 4.30% from it with good management.