NZDCHF Sell/Short 1:5 probability
Reason for trade:
1. Break of structure
2. Impulsive up move 1AW shows the beginning of a high probability chance of a corrective structure forming.
3. a wave of the 1AW impulsive move goes against the impulse and indicates a b wave should be in the making.
4. A lot of liquidity $$$ levels that need to be taken out
5. Engulfing candle in 1 HR TF
Entry: 0.52900
Stop loss: 0.53129
Take profit: 0.52801
Strategy: Enter at the close of engulfing candle
Add positions by compounding every time price levels indicated with $ are taken out
1. Break of structure
2. Impulsive up move 1AW shows the beginning of a high probability chance of a corrective structure forming.
3. a wave of the 1AW impulsive move goes against the impulse and indicates a b wave should be in the making.
4. A lot of liquidity $$$ levels that need to be taken out
5. Engulfing candle in 1 HR TF
Entry: 0.52900
Stop loss: 0.53129
Take profit: 0.52801
Strategy: Enter at the close of engulfing candle
Add positions by compounding every time price levels indicated with $ are taken out
Trade closed: stop reached
Look for opportunity to enter again.
Loose small, WIN BIG, WIN SMALL!
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