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Backtest USDZAR 3/7/19 4:15 am

Long
U.S. Dollar / South African Rand (FX:USDZAR)  
masterkeytrading  
FX:USDZAR   U.S. Dollar / South African Rand
Support and Resistance Fibonacci Multiple Time Frame Analysis backtest
1
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supportandresistance fibonacci mtfa backtest
  • Last daily candle was bullish engulfing
  • H4 structure uptrending and found support @ monthly level, and showed a tested candle that took a lot of candle
  • H1 uptrending and valid BOS to upside
  • M15 BOS valid right after H4 formed a bullish tested candle and broke above the tested candle resistance
    Confluence Monthly Support, 38.2 Fib, H1 trendline

    Risk: Both trending so risk should be less
    Exit: Bearish H4 candles right at weekly level
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