For starters if you took my last GU trade nows a good time to close its up 440+ points and its not moving exactly how I want it to its up to yall Im just trying to secure your bag as it is at a 1:1 R:R.
Now for this next trade
1. Bullish long term
2. Equal lows
3. Imbalance
4. Market structure
5. 2+3+4 Align to make confluence
6. Confluence lines up with Golden pocket
Looking for a retracement after the new high was created. The next potential target for a retracement would be where the money is and that is where my entry comes into play. If this entry hits this is an extremely high probability setup and if the stop loss is large enough this should be a guarantee. I Never guarantee anything but man does this one look promising
Now for this next trade
1. Bullish long term
2. Equal lows
3. Imbalance
4. Market structure
5. 2+3+4 Align to make confluence
6. Confluence lines up with Golden pocket
Looking for a retracement after the new high was created. The next potential target for a retracement would be where the money is and that is where my entry comes into play. If this entry hits this is an extremely high probability setup and if the stop loss is large enough this should be a guarantee. I Never guarantee anything but man does this one look promising
Comment:
Trade went 81 pips before reversing I personally forgot to take this trade but after 25- 30 you want to put your stop loss in profit or at least break even. trade completed a 1:1.78 before reversing. We will call it a Break even