AUDCHF long setup
Entry timeframe (4H) (tradingview.com/x/prvmBKMt/)
- Double bottom followed by a bullish M without break of structure (SL below 1st low + at least 5 pips)
- Going BE once the 4H TP is hit
- Rounded bottom in the making
Daily timeframe (tradingview.com/x/xdCNtbuU/)
- Impulse/corection
- Inverse head and shoulders (valid after dissecting)
- Breaking out of the correction (90% rule kicking in: 90% chance of reaching the beginning of the correction
- Once the beginning of the correction is hit my trailing stop becomes active
Weekly timeframe (tradingview.com/x/EbL2vHFZ/)
- Big bottom formation (multiple attempts to break the last lower low)
- Bullish fib within my correction (TP aligning with weekly S1)
- Bullish supply and demand zone
- First time break within my correction
3/4 (MS + MP/FIB/ZONE) + market psychology
- Double bottom followed by a bullish M without break of structure (SL below 1st low + at least 5 pips)
- Going BE once the 4H TP is hit
- Rounded bottom in the making
Daily timeframe (tradingview.com/x/xdCNtbuU/)
- Impulse/corection
- Inverse head and shoulders (valid after dissecting)
- Breaking out of the correction (90% rule kicking in: 90% chance of reaching the beginning of the correction
- Once the beginning of the correction is hit my trailing stop becomes active
Weekly timeframe (tradingview.com/x/EbL2vHFZ/)
- Big bottom formation (multiple attempts to break the last lower low)
- Bullish fib within my correction (TP aligning with weekly S1)
- Bullish supply and demand zone
- First time break within my correction
3/4 (MS + MP/FIB/ZONE) + market psychology
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