H4 XAUUSD BUY IDEA
H4 XAUUSD
1200 HRS OB 7TH AUGUST.
Waiting for OB to be obeyed.
Take entries upon H4 Breakout of the OB on M1, M2 & M4 using Break Retest entries.
Take entries upon H4 Break Retest of the OB on M1, M2 & M4 using Break Retest entries.
Trading time:
6:42-8AM,
8:42-1018AM,
1042-1200 NOON,
1642-1818 PM,
1842-20PM,
2042-1018PM EAT.
Entry timeframe:
M1
M2
M4
You can take entries on Break Retest FIBO 50 or 75 levels once the current swing completes by retesting EMA; and starts a new swing on the trend direction as long as H4 is still trending.
Risk up to 1% per set up.
SL 30 pips or 30-60 pips for entries held past 20 PM EAT and haven't hit RR3. Move SL from 60 pips back to 30 at 9AM EAT.
Swing Targets 2488.5, 2569.5.
1200 HRS OB 7TH AUGUST.
Waiting for OB to be obeyed.
Take entries upon H4 Breakout of the OB on M1, M2 & M4 using Break Retest entries.
Take entries upon H4 Break Retest of the OB on M1, M2 & M4 using Break Retest entries.
Trading time:
6:42-8AM,
8:42-1018AM,
1042-1200 NOON,
1642-1818 PM,
1842-20PM,
2042-1018PM EAT.
Entry timeframe:
M1
M2
M4
You can take entries on Break Retest FIBO 50 or 75 levels once the current swing completes by retesting EMA; and starts a new swing on the trend direction as long as H4 is still trending.
Risk up to 1% per set up.
SL 30 pips or 30-60 pips for entries held past 20 PM EAT and haven't hit RR3. Move SL from 60 pips back to 30 at 9AM EAT.
Swing Targets 2488.5, 2569.5.
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