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masterkeytrading
May 29, 2019 6:58 PM

Live GBPUSD 5/29/19 2:55 pm Short

British Pound/U.S. DollarFXCM

Description

  • Daily candle showing bearish engulfing
  • H4 structure downtrending and formed a LH @ daily level
  • H1 structure downtrending with valid breaks
  • M15 valid BOS
    Confluence daily level, Daily MA,
    Risk: Low risk due to H4 trending, and Daily candles
    Waiting on a great entry price

Trade active

Entered based on m5 BOS to downside

Comment

If H4 doesn't close bearish @ 5pm, I am out regardless of drawdown

Trade active

Still active due to low risk

Comment

Comment

The real entry was earlier 5/28/19 9:00 pm
Daily bearish candle already closed
H4 structure formed a LH @ Daily key level
H1 valid BOS with m15 confirmation,
Confluence Daily MA, Daily level
Risk: 15 pips
This entry was about 30 pips above what I actually entered
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