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Euro / U.S. Dollar
Long
Updated

EU 1H 50% Retracement Entry on multiple time frames

429
Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time

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TP2, at each target I close 50% of the remaining position.

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TP3

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TP4

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TP5

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Being an Intraday Trader I rarely hold trades overnight and certainly never over a weekend. Closing the remainder of the position for a 1-5 risk to reward ratio. Have a good weekend people!
Trade closed manually
Cryptsyxalt
Also on:
1hBeyond Technical AnalysisEUEURUSDmultipletfretracementstrategytradesyTrend Analysis

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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.
1hBeyond Technical AnalysisEUEURUSDmultipletfretracementstrategytradesyTrend Analysis
Cryptsyxalt
Also on:

Related publications

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.