Analysis based on trend continuation after a false breakout on H4 timeframe.
Signal valid ONLY for 1 H4 candle.
RULES
Move Stop Loss to break even when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price hits 50% Stop Loss.
Signal valid ONLY for 1 H4 candle.
RULES
Move Stop Loss to break even when price hits 50% profit.
Move Stop Loss to 50% profit when price hits 90% profit.
Move Take profit to Break Even Line if price hits 50% Stop Loss.
Note
Price reached 50% profit and stop loss was moved to break even line, than price retraced to break even line and closed with a profit of 0.08% to cover spread cost.Some brokers price went upto 90% profit thus moving break even to 50% profit for a 1% win.
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.
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.