Bullish Points
- US-Iran Escalaation still continue.
- Price is moving below 50 EMA
- Price forming LL and HL on Hourly Time frame.
- Price formed FVG on 4 Hour Timeframe.
- No Bullish Divergence on Hourly timeframe. It may be going to form it.
Bearish Points
- Bullish Hidden RSI diveregence created on 4 Hour Time frame.
- Daily Bias is Still Bullish
Hence my Bias is Bearish. I will place Sell Limit order right below the 4H FVG and my SL will the previous swing high.
Let's See
I will place two Buy Limit orders at the same entry level:
Once TP1 is hit, I will move the SL of the remaining trade to Breakeven and let the second position run toward TP2.
Total Risk 2% - 1% each trade
Entry: 4336.24
SL: 4379.34
TP1: 4278.12 (Win Ratio: 1:1.36)
TP2: 4169.67 (Win Ratio - 1:3.42 or 0:3.42 in case our SL Hit.
Trade active
Our Sell Limit Order is triggerred now.Note
The trade now passed 1:1 target. We can now move both SLs to Break even below our entry point exactly at 4336.Note
Bearish PointsUS-Iran Escalaation still continue.
Price is moving below 50 EMA
Price forming LL and HL on Hourly Time frame.
Price formed FVG on 4 Hour Timeframe.
No Bullish Divergence on Hourly timeframe. It may be going to form it.
Bullish Points
Bullish Hidden RSI diveregence created on 4 Hour Time frame.
Daily Bias is Still Bullish
Hence my Bias is Bearish. I will place Sell Limit order right below the 4H FVG and my SL will the previous swing high.
Let's See
I will place two Buy Limit orders at the same entry level:
Once TP1 is hit, I will move the SL of the remaining trade to Breakeven and let the second position run toward TP2.
Total Risk 2% - 1% each trade
Entry: 4336.24
SL: 4379.34
TP1: 4278.12 (Win Ratio: 1:1.36)
TP2: 4169.67 (Win Ratio - 1:3.42 or 0:3.42 in case our SL Hit.
Note
TP 1 Hit. 1.36% profit booked.Lets move our SL to Break even now and enjoy the next ride till 4169.67.
Trade closed: target reached
TP2 Also Hit.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.