For Traders and Investors. I’ll be sharing how I intend to accurately trade this currency pair of GBPCHF this trading week as a result of prior testing and preparing key details that should potentially work profitably. If you agree hit the boost no cap

-In the beginning, the process of identifying, figuring out, learning, and executing this high-probability Buy opportunity started with the presentation of this Bullish Candle at the 2nd-hour 30-minute mark possessing these four specific principles below that I believe strongly could enhance its own effectiveness within itself to prevent the price from hitting a 33.5 pip stop loss while effectively influencing the price to rise 175-200 pips above the top bullish candle throughout the entire trade process.
- Also this Bullish Candle is the first one of its week


(These are the four specific principles it possesses below 👇🏾)
(1st Principle) ☑️
This Bullish Candle with the Blue Ema are both above the (Red Ma)

(2nd Principle) ☑️
This Bullish Candle has and will remain to have a flat bottom, no wick

(3rd Principle) ☑️
This entire Bullish Candle is fully above the Ichimoku Cloud, not on it or below it

(4th and final Principle) ☑️
The previous wick of this Bullish Candle is 225 pips away from the top bullish candle, which is greater than the last bullish previous wick ((42) by a large margin of 182 = automatically making it a greater previous wick, knowing that the greater the previous wick = the more effective, powerful, and profitable this Bullish Candle should be within itself moving forward.

(GREATER CHART VIEW / WORK) 🌅
snapshot

(Buomkuoth’s Buy Position off this Bullish Candle revealed) - 2.18.2024
My Entry Price is $1.11067 / trade has been executed
The price of my Take Profit is set at $1.12571 (150.3 pips)
*The price of my Stop Loss is set at $1.10712 (41 pips)
- My risk management rules are in place within this position (2-4% risk)
Bk) Buomkuoth Nhial Reath 💎

Our Father who art in heaven, hallow be thy name, thy kingdom come, thy will be done on earth as it is in heaven. Give us this day our daily bread and forgive us for our trespasses as we forgive those who trespass against us. Lead us not into temptation but deliver us from the evil one. Amen
Trade closed manually
I closed this Sell Position early because I noticed that whenever the price of GBPCHF falls / the price of AUDJPY rises and the rise of AUDJPY is happening right now
Note
I re-opened this Buy Position I meant and still very confident about my edge, as of right now MY CURRENT BUY POSITION OFF THIS BULLISH CANDLE is set like this
MY EP > 1.11687pts / 1.11630pts
MY TP > 1.12628pts (100.2 pips)
MY SL > 1.11225pts (46 pips)
- risk 2% to apply good risk management.
Trade active
From my recent study and analysis > I've reopened another BUY position off a new Bullish Candle that I've identified, which I am confident about. HERE ARE MY SET POSITIONS with strict risk management applied.
MY EP > 1.12300pts
MY TP > 1.13439pts (113.9 pips)
MY SL > $1.11865 pts (43.5 pips)
RR ratio > 2.62
March 5, 2024 - Tuesday
Trade active
Bought GBPCHF at 1.13864pts off a new Bullish Candle I discovered yesterday
The price of my take profit i set at 1.14872pts (100.6 pips)
The price of my stop loss is set at 1.13683pts (18.5 pips)
Trading on a 0.21 lot/volume size
- Always apply proper risk management according to your trading objectives always
Beyond Technical AnalysisChart PatternsHarmonic Patterns

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