Pricetrap
GBP/NZD retest on previous supportGBPNZD
Step 1: define the trend (Daily timeframe)
Step 2: Define S/R zones (H4)
Step 3: Wait for Brake and retest on either of the zones
Step 4 : Check News
Step 5 wait for H1 entry confirmation
Step 5: Take Fibo to help you define your TP level.
I placed mine above 0.3821 and above a previous resistance zone
SL should always be putted around 10 pips above the previous resistance zone
GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above alert
price, enter on the break or the retest
Alert: 149.887
TP1: 150.262 (38 pips)
TP2: 150.586 (70 pips)
TP3: 151.056 (117 pips)
TP4: 151.495 (161 pips)
TP5: 151.880 (200 pips)
SL: 149.383 (50 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes above alert
price, enter on the break or the retest
Alert: 149.279
TP1: 149.081 (19 pips)
TP2: 148.876 (40 pips)
TP3: 148.654 (62 pips)
SL: 149.676 (40 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
N.O.T. A PENDING ORDER
GBPNZD PRICE TRAP 1HR tfGBPNZD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above alert
price, enter on the break or the retest
Alert: 1.93596
TP1: 1.93941 (35 pips)
TP2: 1.94267 (67 pips)
TP3: 1.94607 (101 pips)
TP4: 1.94928 (133 pips)
SL: 1.93097 (50 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes above alert
price, enter on the break or the retest
Alert: 1.92718
TP1: 1.92448 (27 pips)
TP2: 1.92120 (59 pips)
TP3: 1.91837 (88 pips)
TP4: 1.91482 (123 pips)
TP5: 1.91233 (148 pips)
SL: 1.93036 (32 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
N.O.T. A PENDING ORDER
EURCAD PRICE TRAP 1HR tfNZDJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.49176
TP1: 1.49571 (40 pips)
TP2: 1.49908 (73 pips)
TP3: 1.50294 (112 pips)
TP4: 1.50590 (142 pips)
SL: 1.48470 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.48076
TP1: 1.47836 (24 pips)
TP2: 1.47554 (52 pips)
TP3: 1.47358 (72 pips)
SL: 1.48373 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
AUDCAD PRICE TRAP 1HR tfAUDCAD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.98837
TP1: 0.99106 (27 pips)
TP2: 0.99400 (57 pips)
TP3: 0.99631 (80 pips)
TP4: 0.99905 (107 pips)
SL: 0.98491 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.97798
TP1: 0.97542 (25 pips)
TP2: 0.97306 (49 pips)
TP3: 0.97171 (62 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
NZDJPY PRICE TRAP 1HR tfNZDJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 78.531
TP1: 78.692 (16 pips)
TP2: 78.936 (40 pips)
TP3: 79.200 (67 pips)
SL: 78.182 (35 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 78.052
TP1: 77.836 (22 pips)
TP2: 77.630 (42 pips)
TP3: 77.440 (61 pips)
TP4: 77.211 (84 pips)
SL: 78.351 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
AUDUSD PRICE TRAP 1HR tfAUDUSD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.77853
TP1: 0.78364 (51 pips)
TP2: 0.78891 (104 pips)
TP3: 0.79487 (163 pips)
TP4: 0.80015 (216 pips)
SL: 0.77538 (32 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.76948
TP1: 0.76564 (38 pips)
TP2: 0.76217 (73 pips)
TP3: 0.75856 (109 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
NZDJPY PRICE TRAP 1HR tfNZDJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 77.770
TP1: 78.065 (29 pips)
TP2: 78.521 (75 pips)
TP3: 79.200 (143 pips)
SL: 77.445 (33 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 76.848
TP1: 76.629 (22 pips)
TP2: 76.266 (58 pips)
TP3: 75.934 (91 pips)
SL: 77.269 (42 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
CHFJPY PRICE TRAP 1HR tfCHFJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 117.768
TP1: 117.997 (23 pips)
TP2: 118.217 (45 pips)
TP3: 118.514 (75 pips)
TP4: 118.857 (109 pips)
SL: 117.445 (32 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 117.032
TP1: 116.852 (18 pips)
TP2: 116.540 (49 pips)
TP3: 116.267 (77 pips)
SL: 117.328 (29 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 149.061
TP1: 149.315 (25 pips)
TP2: 149.679 (61 pips)
TP3: 150.023 (94 pips)
TP4: 150.368 (130 pips)
SL: 148.693 (37 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.428
TP1: 147.226 (20 pips)
TP2: 146.941 (48 pips)
TP3: 146.538 (89 pips)
SL: 147.804 (38 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
CADJPY PRICE TRAP 1HR tfCADJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 83.828
TP1: 84.012 (19 pips)
TP2: 84.195 (37 pips)
TP3: 84.366 (54 pips)
TP4: 84.525 (70 pips)
TP5: 84.706 (88 pips)
SL: 83.469 (36 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 83.130
TP1: 82.911 (22 pips)
TP2: 82.701 (43 pips)
TP3: 82.468 (67 pips)
TP4: 82.262 (87 pips)
TP5: 82.058 (108 pips)
SL: 83.476 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
EURJPY PRICE TRAP 1HR tfEURJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 128.411
TP1: 128.544 (13 pips)
TP2: 128.783 (37 pips)
TP3: 129.104 (69 pips)
SL: 128.104 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 127.382
TP1: 127.131 (25 pips)
TP2: 126.859 (53 pips)
TP3: 126.479 (91 pips)
SL: 127.639 (25 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
EURAUD PRICE TRAP 1HR tfEURAUD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.54042
TP1: 1.54302 (26 pips)
TP2: 1.54652 (61 pips)
TP3: 1.55163 (112 pips)
TP4: 1.55964 (192 pips)
SL: 1.53733 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.53485
TP1: 1.53228 (26 pips)
TP2: 1.53021 (46 pips)
TP3: 1.52853 (63 pips)
SL: 1.53835 (35 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
GBPJPY PRICE TRAP 1HR tfGBPJPY Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 148.188
TP1: 148.436 (25 pips)
TP2: 148.621 (44 pips)
SL: 147.883 (30 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 147.427
TP1: 147.152 (27 pips)
TP2: 146.882 (54 pips)
TP3: 146.611 (81 pips)
SL: 147.737 (31 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
GBPUSD PRICE TRAP 30M tfGBPUSD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40847
TP1: 1.40973 (13 pips)
TP2: 1.41154 (31 pips)
TP3: 1.41438 (59 pips)
TP4: 1.41682 (84 pips)
TP5: 1.41934 (109 pips)
TP6: 1.42375 (153 pips)
SL: 1.40619 (23 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 30m/1hr tf, enter on the break or the retest
Alert: 1.40610
TP1: 1.40407 (21 pips)
TP2: 1.40198 (42 pips)
TP3: 1.40032 (58 pips)
TP4: 1.39854 (76 pips)
SL: 1.40823 (21 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
AUDNZD PRICE TRAP 1HR tfAUDNZD Price Trap - (BUY/SELL)
BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.07950
TP1: 1.08151 (20 pips)
TP2: 1.08408 (45 pips)
SL: 1.07751 (20 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 1.07565
TP1: 1.07414 (15 pips)
TP2: 1.07241 (32 pips)
SL: 1.07770 (21 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits
THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE