FVG at the level of previous breaker block and market structure break.
Clear target at 2R around 1.0795, but has potential to go even further.
Entry: 1.0842
SL: 1.0865
TP1: 1.0795
TP2: 1.0762
could even go lower, depends on DXY.
Trade invalidated if TP1 level reached before pullback back up into the FVG entry area.
Clear target at 2R around 1.0795, but has potential to go even further.
Entry: 1.0842
SL: 1.0865
TP1: 1.0795
TP2: 1.0762
could even go lower, depends on DXY.
Trade invalidated if TP1 level reached before pullback back up into the FVG entry area.
Trade active:
Sniper entry, let's see how it goes
Comment:
TP1 hit, closing half, moving SL to BE.
Comment:
TP1 was at 2R, closed half so 1R bagged, SL at BE means that at least 1R profit no matter what.
Trade closed: target reached:
TP2 hit, closed the 2nd half at 3.4R.
Fully out, 2.2R in total, onto the next one
Fully out, 2.2R in total, onto the next one
Innovative all-in-one trading and backtesting platform
cleo.finance
Test trading strategies on crypto, stocks, indices, forex with decades of 1-min data.
cleo.finance
Test trading strategies on crypto, stocks, indices, forex with decades of 1-min data.
We came about 2 pips away from stop loss - that's why correct SL placement is important. But of course, this gives us further information of what actually happened and allows us to improve our analysis for the future.
Of course we're not out of the woods yet, we got first market structure break on H1, but still a long way to go.
I notice that my analysis of DXY is not as good as I would like it to be. If I get stopped out here this might be it for me on Forex for a little while.