For my retail traders out there, here is a retail bias of the trade I posted previously. We all have different trading styles. So, I posted my smart money concept previous and my retail. As you can see I enter on fib levels and my stop loss is at the fib level above. I set pending orders. The name of the game is to get teh best risk to reward ratio. Willing to take two losses risking two percent of my account, but on the back end catch a 1:17 risk reward ratio. Putting my net profit at 9%.
Note
Extremely low volume in the market, due to bank closing. UK, having national holiday. Did not take national holiday into account.
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.
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.