Looking for an early entry off the H1 TF with a FIll The Gap or Trendline Break
Comment:
Fill the Gap active on the H1 TF a retrace into the wave or slightly above.Then a trendline break or a 123 pattern to take a short position.
Trade closed: stop reached:
price failed to reach the tunnel target and stopped out at break even. although no capital was added to the account we consider this a successful trade because none was lost either. when we add our 3 profiteer money management to our trading philosophy this would have been a capital plus trade. the idea is to take three positions when entering a trade. first target is 13 pips, second at 21 pips and SL moved to break even. the third position left active until stopped out at break even or until divergence on the AO and a close above the 34 EMA. ( note: all Fib numbers )