Long Setup:
- Pure candle analysis on 28/02/2020
- Second Biggest daily range since 31/12/2018
- Daily candle rejection around 50%, next candle price could go a bit lower
- Enter trade when it retrace to previous pin bar candle open
Setup Entry#1
- Entry: 0.64979
- Stop: 0.64627
- TP1: 0.65415
- TP2: 0.65876
- Break even: After TP1 hit move to break even
TP2 alternative
- Instead of set hard TP2, once TP1 target hit move to break even and remove target let it go.
- Who know this will be another century low.
- Pure candle analysis on 28/02/2020
- Second Biggest daily range since 31/12/2018
- Daily candle rejection around 50%, next candle price could go a bit lower
- Enter trade when it retrace to previous pin bar candle open
Setup Entry#1
- Entry: 0.64979
- Stop: 0.64627
- TP1: 0.65415
- TP2: 0.65876
- Break even: After TP1 hit move to break even
TP2 alternative
- Instead of set hard TP2, once TP1 target hit move to break even and remove target let it go.
- Who know this will be another century low.
Note
Monday open gap down, retrace back fill the entry. Almost hit TP1#Note
TP1 Target hit, move second part of trade to breakeven (a bit surprised that TP1 hit so quick)Note
Move second position to Stop Loss @ 0.65120Change TP2 to 0.66158
I will update if there is a Setup Entry#2 if it pulls back.
Note
Entry#1 doneTrade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.