Entering a long after the retracement. The price action isn't particularly great for a long (see the pinbar, followed by more sell strength), but worth a try with good RR. Let's see how it plays out! Remember this is a forward test, not a trade based on a backtested strategy.
Hello traders, I'm forward testing some ideas for US30 on the 1h chart and live market conditions. IDEA: - breakout either long or short - Stop Loss below previous line - About 2.4 Risk/Reward - TP adjusted according to support/resistance on higher timeframes (4h and Daily) IMPORTANT: By no means take this as something to copy, it's a forward test and it might...
Looks like this is finally out of the channel with a strong bullish candle on the 15m. Taking it long, RR 2.09.
US30 stuck in a small channel. Waiting for it to break out either short or long, hopefully with a retest for an easy entry. I'll keep an eye on the chart and most likely enter with a limit order according to the direction of the breakout.
possible 1st TP on purple line, or SL to BE once it reaches it, judging later based on PA.
Let's wait and see...