EURAUD PRICE TRAP 1HR tf
Updated
EURAUD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.54042
TP1: 1.54302 (26 pips)
TP2: 1.54652 (61 pips)
TP3: 1.55163 (112 pips)
TP4: 1.55964 (192 pips)
SL: 1.53733 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.53485
TP1: 1.53228 (26 pips)
TP2: 1.53021 (46 pips)
TP3: 1.52853 (63 pips)
SL: 1.53835 (35 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.54042
TP1: 1.54302 (26 pips)
TP2: 1.54652 (61 pips)
TP3: 1.55163 (112 pips)
TP4: 1.55964 (192 pips)
SL: 1.53733 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.53485
TP1: 1.53228 (26 pips)
TP2: 1.53021 (46 pips)
TP3: 1.52853 (63 pips)
SL: 1.53835 (35 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade closed: target reached
TP2 hit, close trade
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.