UJ: “ABCD-EXT” Setup on “Limit” Entry (3/100)System has identified a “ABCD/Fib-Ext” playbook setup and set sell limit entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
Fibext
EURGBP: SHORT BIASI am short the EURGBP @0.88579. Sub-optimal price, but hey, what are you gonna do, right? I fully expect a pullback, which actually might be preferable so that I can get an even better price.
Target 1 is about 220 pips away @0.86585, although there two demand zones (blue rectangles) that BEARS will need to get through.