Calculate Position size before entry.
Use your risk model.
Logic:
-Bullish Engulfing, 50% candle body. Entry made.
-Rejection at 80 Fib level on H4 candle thats forming a wick(Rejection), with a M15 engulfing , was my confirmation to go long(Buy).
-Tp Determination: M15 inside bar OB a.k.a DBD or basing zone or supply zone depending on your mentor / fx teacher for supply and demand or institutional trading.
Let me know anything else youd love me to analyse for you or to collab with you on.
Use your risk model.
Logic:
-Bullish Engulfing, 50% candle body. Entry made.
-Rejection at 80 Fib level on H4 candle thats forming a wick(Rejection), with a M15 engulfing , was my confirmation to go long(Buy).
-Tp Determination: M15 inside bar OB a.k.a DBD or basing zone or supply zone depending on your mentor / fx teacher for supply and demand or institutional trading.
Let me know anything else youd love me to analyse for you or to collab with you on.