Hello everyone, happy new week and a happy new month of March to you all !!!
First of, fundamentals are heavy on the pounds this week, coupled with the fact that this is non-farm payrolls week. (Fundamentals).
Secondly, there was a market Structure shift last week which is signaling more bearish momentum.
This setup overall has a stop loss of less than 40 pips from the H4 Order Block but if you need a tighter Stop, you definitely can go sharpen the entry in a lower timeframe.
Use proper risk and money management and do not over-leverage your account.
Most especially, do your own analysis !
First of, fundamentals are heavy on the pounds this week, coupled with the fact that this is non-farm payrolls week. (Fundamentals).
Secondly, there was a market Structure shift last week which is signaling more bearish momentum.
This setup overall has a stop loss of less than 40 pips from the H4 Order Block but if you need a tighter Stop, you definitely can go sharpen the entry in a lower timeframe.
Use proper risk and money management and do not over-leverage your account.
Most especially, do your own analysis !
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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.
Related publications
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.