In this pair, we might get an Entry for a long position.
As you see, the RR is not the best, so there are different options for you, in case you want to get a better RR:
1. wait for price to fall into the DD, but risk to miss the trade
2. work with multiple orders, with smaller SLs, but risk to miss the move.
In this case, with a big area like this, I would work with multiple Entries, and an SL around 20 pips.
Have a great trade!
As you see, the RR is not the best, so there are different options for you, in case you want to get a better RR:
1. wait for price to fall into the DD, but risk to miss the trade
2. work with multiple orders, with smaller SLs, but risk to miss the move.
In this case, with a big area like this, I would work with multiple Entries, and an SL around 20 pips.
Have a great trade!
Nota
System learned from StefanKassingNota
This trade went without me. But the system itself works. That is what I do learn from this setup!
Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.