Hello traders
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)
Reason for trade:
1. Complete expanding flat (ABC)
2. Break of mono wave
3. Corrective/ slow movement upwards to close the FVG
4. C wave needed to complete the structure + LIQUIDITY at the bottom. (0.93135)
5. 4 HR Engulfing candle
6. MACD divergence in 15 minute and 4HR TF
7. Strategy: Wait for the FVG to be closed before a sell or
Look for a sell at 61.8% of the FIB levels or
Enter at ENGULFING candle downwards
Entry: 0.94600
Stop loss: 0.95059
Take Profit: 0.93135 (LIQUIDITY)
Trade active
Gap has been mitigated and the fall has started. Trade active
Place the trade at BE or take 50% of the profits and let it run.Trade closed: target reached
Take profit HIT: 0.93135Results 12-19.08.2024
2 wins, 1 loss, 1 break even
EURJPY: WIN
EURGBP: BREAKEVEN
GBPJPY: LOSS
GBPAUD: WIN
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.