Price already reacted to the BB (5m/ Yellow Border Square) + FVG (4H - Yellow Background Square) confluence and created a CHoCH. I expect price to react and continue pushing up after touching one of the two EQL zones.
I will risk 0.25% of my account size if in case price triggers both of my stoploss, I will still have another 0.5% to use because I think price will go bullish this week the next one.
I will risk 0.25% of my account size if in case price triggers both of my stoploss, I will still have another 0.5% to use because I think price will go bullish this week the next one.
Order cancelled:
This time price left without us. If price touches our entry point it would be a trade using the trendline as support instead of a CHoCH confirmation trade which is what I originaly wanted to trade.
If you feel like accepting the risk I recommed trading only the trade with the lower entry point. (1.07360)
As for me, I will wait for the price tp break the trendline and wait for a rebound further down.
If you feel like accepting the risk I recommed trading only the trade with the lower entry point. (1.07360)
As for me, I will wait for the price tp break the trendline and wait for a rebound further down.
Update the Stoploss to your preference.