Trade of the week: GBP/USD H1 on the 5-6th October : +10% (+250 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On D1, after a BDC, we have a pullback, on H4, after a huge BDC, the trend is down. On H1, we had a lovely wave 3 down on Monday the 2nd, and we expect the wave 5. On the 5th, at Francfort Open, we have a sleeping alligator and a double lower level H1-H4. We put a pending order (SL above the green line is at 25 pips) which is triggered, the prices does not go until London Open with a nice drop, then the price pulls back a bit forming 2 consecutives Inside Bars (NB: Inside bars are usually a setup on the lower time frames). We put a pending order below the first Inside bar (SL at the opposite of the candle at 25 pips) which is triggered, the price then drops harmoniously and we exit the next day before the NFP news for + 150 pips (+6%) for the first entry and +100 pips (+4%) for the addon. A marvelous +10% profit trade, a classical one: we trade the wave 5 (which will become a new wave 3) following the waves 3 and 4.
For more details and examples of trade, click "Examples of Trade" in the menu
On D1, after a BDC, we have a pullback, on H4, after a huge BDC, the trend is down. On H1, we had a lovely wave 3 down on Monday the 2nd, and we expect the wave 5. On the 5th, at Francfort Open, we have a sleeping alligator and a double lower level H1-H4. We put a pending order (SL above the green line is at 25 pips) which is triggered, the prices does not go until London Open with a nice drop, then the price pulls back a bit forming 2 consecutives Inside Bars (NB: Inside bars are usually a setup on the lower time frames). We put a pending order below the first Inside bar (SL at the opposite of the candle at 25 pips) which is triggered, the price then drops harmoniously and we exit the next day before the NFP news for + 150 pips (+6%) for the first entry and +100 pips (+4%) for the addon. A marvelous +10% profit trade, a classical one: we trade the wave 5 (which will become a new wave 3) following the waves 3 and 4.
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