Hello traders!
In this trade we are looking for a momentum completion from line B to line D for 50 pips.
We also have a 25 pip target between lines B and C if price goes that way.
These trades can be taken with a buy stop order as a set&forget setup or we can wait for PA
to close above line B as with the T1 and T2 levels. In the case of the T3 level,
price blasted through too quickly to wait for a close above the line.
It`s recommended to position stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
In this trade we are looking for a momentum completion from line B to line D for 50 pips.
We also have a 25 pip target between lines B and C if price goes that way.
These trades can be taken with a buy stop order as a set&forget setup or we can wait for PA
to close above line B as with the T1 and T2 levels. In the case of the T3 level,
price blasted through too quickly to wait for a close above the line.
It`s recommended to position stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay