Price is at HTF Key support area where price forms a run of the lows and an h1 MSB OB Setup, expecting a retracement at 50% or the OTE Zone, longing with 2R stop at the swing low.
This setup has a winrate of 49% from my Trading system and i do not guarantee this setup will work, always implement Proper Risk Management in your entries.
This setup has a winrate of 49% from my Trading system and i do not guarantee this setup will work, always implement Proper Risk Management in your entries.
Note
As you can see the price fills 50% aswell as the OTE, will it bounce or hit stop?Note
As you can see, price invalidates my position and hits my stop, that is why Proper risk management is crucual in trading because a setup dont work everytime.
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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.