Trade Setup (29/10/2024) - GER40 Buy in 30-Minute FVG
1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone.
2. Entry Strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk.
- Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering.
3. Trade Management:
- Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend.
- Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts.
4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
1. Setup: Despite recent volatility, the 30-minute FVG presents a buy opportunity within a defined support zone.
2. Entry Strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG, respecting recent price lows to limit downside risk.
- Entry Confirmation: Look for signs of stabilization or a bullish reversal within the FVG zone before entering.
3. Trade Management:
- Consider potential re-entries within the FVG if initial entry is triggered and price action aligns with the broader trend.
- Be cautious of any new high-impact data affecting European indices, as GER40 remains sensitive to market sentiment shifts.
4. Note: With recent losses, maintaining discipline on risk management here is key. Avoid over-leveraging, and wait for clear bullish signs in the FVG before committing further.
Trade closed: stop reached
cheecky
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
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💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
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.
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
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.