Good day.
Good trade to take on with a Risk to reward of 6R
Reason for taking trade:
1. Expanding flat being formed
2. Liquidity at the top 1.85404 price
3. Bullish engulfing candle
Strategy: Entry after bullish engulfing candle in 1HR Timeframe
Entry: 1.83525
Stop loss: 1.83000
Take Profit: 1.85404
Trade with care
Good trade to take on with a Risk to reward of 6R
Reason for taking trade:
1. Expanding flat being formed
2. Liquidity at the top 1.85404 price
3. Bullish engulfing candle
Strategy: Entry after bullish engulfing candle in 1HR Timeframe
Entry: 1.83525
Stop loss: 1.83000
Take Profit: 1.85404
Trade with care
Trade closed: stop reached
Break even trade. My strategy didn't work out...but we have lift off as of today.
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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.