Every now and then we take a more risky approach to a trade if we feel the time is right.
So here we have a possible 1:35 risk to reward where you could risk 1% for a 35% gain in a single trade.
This is a very risky trade however can be very rewarding.
We sometimes pull these sniper entries off - with the key word being sometime.
EURUSD has made a beautiful leg down on the 4H and on Monday (yesterday), we initiated a pullback phase. 1H has already changed and I am looking for potential longs into the 4H sell area, which is above 50% of the overall leg!
I also share some long zones on the 15M:
GBPJPY trade idea... How to Get a Sniper Entry
I missed my entry! Danggit! But I believe there is a teaching moment here. In this video, I would like to share with you how to get
a sniper entry and maximize your risk to reward for bigger profits!
Macro analysis to micro executions.
Yes, it seems to me that after Brexit Great Britain is slowly losing economic stability. I think we can get ready for a longer short. Haha, yes I am HnS mental ... We are now on the top of the right arm so this is the best time for entry! Price is creating double top with top from august 2020 . Keep in mind that we are entering the March 2020-covid zone ... a zone...
I do not have any doubts that this pattern will emerge, but I do know that I've seen it on the smaller TFs up until now. If you're in a buy, be patient. Price may drop closer to NY close, but will most likely consolidate for the next two sessions. You have to make the choice to get in on this pair because the bears will bring in the volume and chase those lows....
Just examined the weekly timeframe, wicks thrown to the upside at a significant zone/resistance, the daily makes the price action more clear as we can identify the sellers are present at the resistance(purple zone) identifying the lower timeframe price action, market came back to a huge liquidity spot, and now momentum has kicked in(as the 15M timeframe bullish...
1. Price has been using 20MA as dynamic resistance on its downward path.
2. 20MA is preparing for a cross with 200MA to the downside.
3. Price is at fib level of move AB. This fib level confluences with 20 and 200MA, acting as resistance.
4. Price is currently showing rejection around this area.
Though bulls have flexed their muscles strongly for this...
1st step: Looking for a bearish Candle followed by a bullish candle, even or close to the bottom of the body7
2nd step: The 3d candle must be a higher high or higher low, 85%-95% of the time the 3d candle is a higher high
3d step : Place a horizontal line at the bottom of the body of the bearish & bullish candle
4th step: The number attached to your horizontal...