The reasoning
--------------
D1 h1 reversal back to lows on eurusd
The approach - multi trade options
We cover all possible scenarios and break this reversal move into 6 possible price action trades.
The rr for the 6 trades:
--------------
1.55
3.37
4.69
1.98
4.57
1.99
total r/r-
--------
18.15 / 6 trades
3:1 is the risk reward as average for those 6 trades
if all 6 trades take we have a 18.15 risk reward here
so for a 0.25% risk of account total on these 6 trades
this yields a 4.5% gain
I believe in multi-optioning approach in trading
as there is no 'one' single option for a trade or market movement
based on mtf analysis
the d1 reversal can present 6 possible trades on m15
so we take all 6 to average out the probabilities
this move should be completed on monday 31.7.23 - on eurusd for all 6 trades.
--------------
D1 h1 reversal back to lows on eurusd
The approach - multi trade options
We cover all possible scenarios and break this reversal move into 6 possible price action trades.
The rr for the 6 trades:
--------------
1.55
3.37
4.69
1.98
4.57
1.99
total r/r-
--------
18.15 / 6 trades
3:1 is the risk reward as average for those 6 trades
if all 6 trades take we have a 18.15 risk reward here
so for a 0.25% risk of account total on these 6 trades
this yields a 4.5% gain
I believe in multi-optioning approach in trading
as there is no 'one' single option for a trade or market movement
based on mtf analysis
the d1 reversal can present 6 possible trades on m15
so we take all 6 to average out the probabilities
this move should be completed on monday 31.7.23 - on eurusd for all 6 trades.
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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.