Serie Of Higher high On 30Min, 1hour and 4 hour timeframes
Break Of Structure (BOS) of the Trendline.
I waited for my confirmation trend continuation candle on the lower time frame (30min)
I put 2 trendlines on the body of the first blue candle
Since I see that the price CLOSE higher than the trendline of the Higher Body Length, I went Long with a StopLoss at the yellow trendline (4 Hour Trendline)
Take Profit at Fibonacci Extension -127% (100pips)
That was my first confirmation, I took a second trade at my second confirmation
When the price retraced to Fib Retracement 38.6%, I adjusted SL but when I saw that it didn't break 50% but just tested it, I put another Long position. Small stop loss hunt institutions.
it was another confirmation of the uptrend (while adjusting the SL to 78.6%)
Finally, my last confirmation was my Moving averages (Blue over red signal uptrend)
I could have added other indicators but , my trade idea was already in motion with strong confirmations already
3 positions, 1 trade, 267 pips
100 pips
81 pips
86 pips
SL was 15 pips in the red so, very low downside for big upside . Opaah !
1 day and 1 hour of holding.
Break Of Structure (BOS) of the Trendline.
I waited for my confirmation trend continuation candle on the lower time frame (30min)
I put 2 trendlines on the body of the first blue candle
Since I see that the price CLOSE higher than the trendline of the Higher Body Length, I went Long with a StopLoss at the yellow trendline (4 Hour Trendline)
Take Profit at Fibonacci Extension -127% (100pips)
That was my first confirmation, I took a second trade at my second confirmation
When the price retraced to Fib Retracement 38.6%, I adjusted SL but when I saw that it didn't break 50% but just tested it, I put another Long position. Small stop loss hunt institutions.
it was another confirmation of the uptrend (while adjusting the SL to 78.6%)
Finally, my last confirmation was my Moving averages (Blue over red signal uptrend)
I could have added other indicators but , my trade idea was already in motion with strong confirmations already
3 positions, 1 trade, 267 pips
100 pips
81 pips
86 pips
SL was 15 pips in the red so, very low downside for big upside . Opaah !
1 day and 1 hour of holding.
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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.