Signal: Short — Full Signal
Context: Price Breaks through with Volume, Full Signal 2 days behind C2
Probability: Normal to Weak - Signal 2 candles into C2 but huge volume short
Risk: Base 1%
R:R Plan: 0.72R, 75% scale-out at TP - Huge Range to Trend into 2R and opportunity to severely reduce risk within the first 24 hours.
Notes:
At first glance the R is not too great, but this is mainly due to breakout meaning stops are placed at full 1.5x ATR Away from entry but supported by the candle structure.
The range for this trade is large though, beyond 1xATR and even beyond 2x ATR. Opportunity to reduce risk to the order zone halfway through the candle which will make the R instantly positive. Reduced Risk to match the lower probability of this trade and other USD pending trades.
Context: Price Breaks through with Volume, Full Signal 2 days behind C2
Probability: Normal to Weak - Signal 2 candles into C2 but huge volume short
Risk: Base 1%
R:R Plan: 0.72R, 75% scale-out at TP - Huge Range to Trend into 2R and opportunity to severely reduce risk within the first 24 hours.
Notes:
At first glance the R is not too great, but this is mainly due to breakout meaning stops are placed at full 1.5x ATR Away from entry but supported by the candle structure.
The range for this trade is large though, beyond 1xATR and even beyond 2x ATR. Opportunity to reduce risk to the order zone halfway through the candle which will make the R instantly positive. Reduced Risk to match the lower probability of this trade and other USD pending trades.
Trade closed: stop reached
Stopped out, price reversed. Reduced risk via SL along the way as the trade progressed. Smaller loss of 0.8%
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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.
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.