Trade entered. I used the 5 min for entry but Tradingview doesn't let me post it on a small time frame.
We should find out if this is a winner or loser during the rest of US/UK overlap. I personally think price wants to drop more, but my strategy says to buy, so I'm listening to the strategy, plus there is a nice risk to reward for this trade.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish ABCD on 15 min chart, bullish impulse crab on H4
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering NY open
✅ Break of structure confirmed
✅ Required risk:reward met
We should find out if this is a winner or loser during the rest of US/UK overlap. I personally think price wants to drop more, but my strategy says to buy, so I'm listening to the strategy, plus there is a nice risk to reward for this trade.
Confluences:
✅ Bullish overall bias
✅ Bulllish demand zone
✅ Bullish ABCD on 15 min chart, bullish impulse crab on H4
✅ Bullish divergence in price reversal zone
✅ Buillish break of structure
✅ Entering NY open
✅ Break of structure confirmed
✅ Required risk:reward met
Trade closed: target reached
Price hit take profit
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Disclaimer
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
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.