1.13.22/EURUSD/SHORT/BACKTEST
1.73%
EURUSD
1/13/22 - Backtest
Short
Fakeout
HTF:
Price currently at weekly S/R with space to go down to fill the space. Long term shorts are in order but not at least until price gets back up into another s/r zone. In the meantime, could look at MTF/LTF longs for price to get back up.
MTF:
Price just engulfed H4 supply, looking for longs at retrace to decision point up until the HTF base above, with LTF PA of course.
LTF:
Price reacting nicely to base, will wait for engulf of LTF supply before any long entries.
Entry:
Not a large winner, long entries didn't offer PA, so I chose to take a small scale short down to the next cap for about 2R. Quite simple.
EURUSD
1/13/22 - Backtest
Short
Fakeout
HTF:
Price currently at weekly S/R with space to go down to fill the space. Long term shorts are in order but not at least until price gets back up into another s/r zone. In the meantime, could look at MTF/LTF longs for price to get back up.
MTF:
Price just engulfed H4 supply, looking for longs at retrace to decision point up until the HTF base above, with LTF PA of course.
LTF:
Price reacting nicely to base, will wait for engulf of LTF supply before any long entries.
Entry:
Not a large winner, long entries didn't offer PA, so I chose to take a small scale short down to the next cap for about 2R. Quite simple.
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