Trade Setup (31/10/2024) - GER40 Long in 4H FVG
1. Setup: Enter long within the 4-hour Fair Value Gap (FVG), identifying this zone as a potential support area for a bullish move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal signals or strong support within the 4H FVG, such as a bullish candlestick pattern or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 4H FVG to manage downside risk.
- Set take-profit at twice the distance of the stop-loss to maintain a 1:2 RRR.
4. Additional considerations:
- Monitor European market sentiment and any upcoming economic news that could impact GER40.
- Wait for clear bullish signs within the FVG to ensure a higher probability of a successful trade.
This approach focuses on capitalizing on potential bullish momentum if price finds support in the 4H FVG.
1. Setup: Enter long within the 4-hour Fair Value Gap (FVG), identifying this zone as a potential support area for a bullish move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal signals or strong support within the 4H FVG, such as a bullish candlestick pattern or rejection wick.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 4H FVG to manage downside risk.
- Set take-profit at twice the distance of the stop-loss to maintain a 1:2 RRR.
4. Additional considerations:
- Monitor European market sentiment and any upcoming economic news that could impact GER40.
- Wait for clear bullish signs within the FVG to ensure a higher probability of a successful trade.
This approach focuses on capitalizing on potential bullish momentum if price finds support in the 4H FVG.
Note
Target was close to being reached and do believe the gap will be touched thus our target too.Trade closed: target reached
+2%
Fondera | Data-Driven Trading
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
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.
Fondera | Data-Driven Trading
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
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.