These trades work surprisingly well when I backtested the strategy on the 1H timeframe.
We will see how this one turns out, but price creates a nice consolidation, then breaks out and presents a retest back into the zone, this is known as the last kiss candle. Price then rejects the zone with a nice engulfing candle.
Hopefully it's good!
Planning on moving SL to -1R when price reaches 1:1 alert.
This strategy is explained in "Naked Forex" by Walter Peters.
We will see how this one turns out, but price creates a nice consolidation, then breaks out and presents a retest back into the zone, this is known as the last kiss candle. Price then rejects the zone with a nice engulfing candle.
Hopefully it's good!
Planning on moving SL to -1R when price reaches 1:1 alert.
This strategy is explained in "Naked Forex" by Walter Peters.
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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.