Week 9 Trade 1 GA Long
Reasons for entry:
- Price is currently on a uptrend
- Price has rejected and retested the 61.8 fib
- Possible hammer candlestick forming on the 4hr, weak hammer candlestick already formed on the 2hr
- Strong bullish engulfing on the 30min timeframe
Entry Timeframe:
- 30 min bullish engulfing
- @1.8240
Stop Loss:
@1.8200 (-40pips)
Take Profit:
- Target 1 @1.8400 (+160pips) = Risk/Reward : 1:4.1
- Target 2 @1.8550 (+310pips) = Risk/Reward : 1:7.9
Notes:
-
- Price is currently on a uptrend
- Price has rejected and retested the 61.8 fib
- Possible hammer candlestick forming on the 4hr, weak hammer candlestick already formed on the 2hr
- Strong bullish engulfing on the 30min timeframe
Entry Timeframe:
- 30 min bullish engulfing
- @1.8240
Stop Loss:
@1.8200 (-40pips)
Take Profit:
- Target 1 @1.8400 (+160pips) = Risk/Reward : 1:4.1
- Target 2 @1.8550 (+310pips) = Risk/Reward : 1:7.9
Notes:
-
Note
Price has reached my target area of 1.8550 (+310pips), unfortunately I was stopped out before that happened.Trade closed: target reached
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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.
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.