Alright, here is one cheeky setup that can possibly be played out.
So we have POI with:
1. 4H 50EMA
2. zone of S/R
3. 3rd touch of ATL
4. 61.8% fib level
All we need is 1H-4H rejection candles to be sure that this zone is respectable, so we can make entries from there ;)
So we have POI with:
1. 4H 50EMA
2. zone of S/R
3. 3rd touch of ATL
4. 61.8% fib level
All we need is 1H-4H rejection candles to be sure that this zone is respectable, so we can make entries from there ;)
Trade closed: stop reached
So guys, we saw such a beautiful 4H candle, it would have been a sin if I hadn't gotten into position :D, buuut unfortunately price didn't respected the POI at all and it smashed SL right away
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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.