It has been a long time since i last posted here. I have been waiting for the best trades setup like a sniper or a crocodile. Fortunately, a setup, which i never play with has showed itself.
There was an inside bar setup that showed up last week. I planned using an O-C-O(order cancels other) entry strategy, but my gut delayed me from entering. The result was a pin bar bar which followed immediately after the inside bar. This candle setup is known as a facky setup.
I would have placed two entries: One below the last two candles and one above the last two canles, but the critical support area where the setup showed moved to enter only buy.
To support, a one hour inside bar followed it.
As a result, i bought this pair at 161.50
stop loss at 160.90(60 pipps risk)
Take profit at 163.50(200 pips gain)
There was an inside bar setup that showed up last week. I planned using an O-C-O(order cancels other) entry strategy, but my gut delayed me from entering. The result was a pin bar bar which followed immediately after the inside bar. This candle setup is known as a facky setup.
I would have placed two entries: One below the last two candles and one above the last two canles, but the critical support area where the setup showed moved to enter only buy.
To support, a one hour inside bar followed it.
As a result, i bought this pair at 161.50
stop loss at 160.90(60 pipps risk)
Take profit at 163.50(200 pips gain)
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