As described on the chart, the price came to a zone in which the bulls stept in and defended the expected direction, we took another position on M5 decision candle. The price came all the way down to test the structure almost failing the expectation, giving us brilliant RR ratio. Lets go bulls!
Trade active
we are at a critical level the price should break this structure and close above so we can relax a bit, reduce our exposureTrade active
This candle clearlly shows the pressure of the bears, remember rule no.1 Capital preservation, stops to break even.
Trade active
Bulls steping up here M5 candle closed above.Trade active
Trailing our stops. below 50% fib of the latest swing.Trade active
One to one move acieved, trail stop behind every decision candle
Trade closed: target reached
Money in the bank.
Even with the first stop loss Net profit of 156 points
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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.