Hello everyone,
I will be using the high and low price levels formed on the following dates as entry points for my trades:
February 20, 2025
We will wait for the price range from these candles to form as indicated with blue box. The trade entry will be triggered if the price breaks out of this range, with an additional buffer of 60 pips.
If the price moves against the initial position and hits the stop loss (SL), we will cut or switch the trade accordingly.
I will be using the high and low price levels formed on the following dates as entry points for my trades:
February 20, 2025
We will wait for the price range from these candles to form as indicated with blue box. The trade entry will be triggered if the price breaks out of this range, with an additional buffer of 60 pips.
If the price moves against the initial position and hits the stop loss (SL), we will cut or switch the trade accordingly.
Trade active
Hello everyone,The Hi-Lo Range formed on February 20, 2025, is 2918 to 2960, including a 60-pip buffer.
The signal triggered sell from 2918 and suddently reached a peak of 2956, making huge drawdown approx 380pips
At the same time it given opportunity to reentry on Fibonacci level
Price reach its lowest level 2888 making profit approx 300 pips if entry from original entry level 2918 without taking advantage of Fibonacci retracement entry
Given this movement, I suggest entering on retracements using Fibonacci levels for better risk management.
📉📈 Below is the chart with the actual Hi-Lo range of February 20, 2025:
/x/RiC1jdEO/
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.
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.