Prices seems to be in a range since the start of 2019.
It can be seen that prices have hit a major H4 zone within that range which has previously shown a reversal.
In this chart, it can be seen there has been a strong down move but a long wick candle was printed when prices hit this H4 zone.
Therefore we will look to have a bullish entry as I believe a reversal will happen, as shown previously
Enter on a bullish candle with 3 different TP.
Each TP is just below each of the H1 minor zones onto the next H4 zone.
SL is set just below the H4 zone.
Please note I'm just using this as practice, for the future.
If there is anything else I can improve on please let me know.
Always learning. And probably wrong lol.
Cheers.
It can be seen that prices have hit a major H4 zone within that range which has previously shown a reversal.
In this chart, it can be seen there has been a strong down move but a long wick candle was printed when prices hit this H4 zone.
Therefore we will look to have a bullish entry as I believe a reversal will happen, as shown previously
Enter on a bullish candle with 3 different TP.
Each TP is just below each of the H1 minor zones onto the next H4 zone.
SL is set just below the H4 zone.
Please note I'm just using this as practice, for the future.
If there is anything else I can improve on please let me know.
Always learning. And probably wrong lol.
Cheers.
トレード稼働中:
TP1 hit.
Possible strong zone as there was quite sensitive movement when prices reached there.
Trailing Stop set at 78.000.
Possible strong zone as there was quite sensitive movement when prices reached there.
Trailing Stop set at 78.000.
トレード稼働中:
Trailing stop moved to 78.400
トレード稼働中:
TP2 hit.
Move last position trailing stop to 78.600 and let it play out. Either hit the last tp or trailing stop.
Move last position trailing stop to 78.600 and let it play out. Either hit the last tp or trailing stop.
トレード終了: 利益確定目標に到達:
Trailing stop hit. Trade closed.
Maybe I should look into more range bound trading setups at key H4 levels.
Tbh very happy with how this played out. I will need to keep a note of this trade for future references.
If there is any feedback on what I can improve or possibly missed out on, please leave a comment, it'll be appreciated.