Wednesday, November 29, 2017

Trade of the week: EUR/USD H1 on the 22-23 of November: +9.5% (+142 pips)



For more details and examples of trade, click "Examples of Trade" in the menu

At the moment of the setup, on D1, the alligator's line are reversing and the ewave is about to cross the zero line, on H4, the ewave is also about to cross the zero line, there is a setup too with a sleeping alligator after a small wave down. On wednesday, just Francfort session open,  we put a PO below the H4 box which is very close to the H1 box, the initial SL above the H1 box is at 14 pips. We are triggered and the price does not go until Francfort opens, then price drops and pullback forming a new box. We have therefore a second entry below the nex box that we take (initial SL above the green line at 16 pips). The price will not go and retrace before going down and drop. We exit the next morning when the prices crosses the upper level of the fractal box for +78 pips (+5.5%) for the first entry and +64 pips (+4%) for the addon, the total is +142 pips (+9.5% profit) for this quick, small but very profitable trade.


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