Yet another almost close to a sniper entry. As the chart explains the reasoning behind this trade price has not reach this level in over 2 years.
Stop Loss = 26 pips
Take Profit = 530 pips
Risk Reward = 20.38
Risking 2% of your account balance on this would potentially gain you just over 40%.
This trade taken 19 days to go from the lows to the...
As explained within the picture you can see the reasons behind taking this trade.
We have 6 wick rejections of price trying to push though but failing. Their is plenty of money at the 4h support level which the banks want. This is why we will be trading down to this level.
Remember... ALWAYS trade towards to the money.
Most people (Retail) always trade away...
we sat in this trade for 1day 19hours.... a very long time for the way I trade. this entry was taken from the 15m chart. We had a huge liquidity spike that almost reached our take profit target but was a few pips short.
I and the rest of the members in the discord server so happy when it reached TP! was a long time coming!