EURUSD LONG COUNTERTREND H4 25-May, 2020
"Rule #1: Don't lose MONEY
Rule #2: Don't forget Rule#1"
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*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
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Analysis:
#Bigger Time Frame:
- Weekly -> Down -> Sell
- Daily -> Ranging: Reject Resistance by Pin bar + Big Bear bar -> Sell
#Trading Time frame:
- Hour 4: Pin bar +False Break out bar -> UP -> Retracement Fibonacci 50%-61.8% -> BUY at 1/2 Pin bar
Rule #2: Don't forget Rule#1"
-------------------------------------------
*Rule:
- Max RISK 2% per trade.
- Max RISK 6% Capital per month.
- Return 1%-3% per month, 12%-36% annual.
- SET & FORGET
--------------------------------------------
Analysis:
#Bigger Time Frame:
- Weekly -> Down -> Sell
- Daily -> Ranging: Reject Resistance by Pin bar + Big Bear bar -> Sell
#Trading Time frame:
- Hour 4: Pin bar +False Break out bar -> UP -> Retracement Fibonacci 50%-61.8% -> BUY at 1/2 Pin bar
Trade closed: target reached
HIT TPGreat Trade
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