Trade Setup (31/10/2024) - US100 Long in 1H FVG
1. Setup: Enter long within the 1-hour Fair Value Gap (FVG), which serves as a potential demand zone for an upward move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal patterns, such as a strong rejection wick or bullish engulfing candle, within the 1H FVG to confirm entry.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 1H FVG to limit downside risk.
- Set take-profit at twice the distance of the stop-loss for a 1:2 RRR.
4. Additional considerations:
- Be aware of market-moving news or data releases that could impact US100 volatility.
- Ensure price action within the FVG indicates strong buying interest before entering.
This setup aims to capitalize on potential bullish momentum within the 1H FVG as a support zone.
1. Setup: Enter long within the 1-hour Fair Value Gap (FVG), which serves as a potential demand zone for an upward move.
2. Entry strategy:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Confirmation: Look for bullish reversal patterns, such as a strong rejection wick or bullish engulfing candle, within the 1H FVG to confirm entry.
3. Stop-loss and take-profit:
- Place stop-loss just below the lower boundary of the 1H FVG to limit downside risk.
- Set take-profit at twice the distance of the stop-loss for a 1:2 RRR.
4. Additional considerations:
- Be aware of market-moving news or data releases that could impact US100 volatility.
- Ensure price action within the FVG indicates strong buying interest before entering.
This setup aims to capitalize on potential bullish momentum within the 1H FVG as a support zone.
Not
Still alive which is a good sign.İşlem elle kapatılmış
No longer valid idea.İşlem kapandı: hedefe ulaştı
I wouldn't have taken the trade I think but was essentially good.
Fondera | Data-Driven Trading
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💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Fondera | Data-Driven Trading
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
💎 Free setups on my groupchat:
t.me/fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: linktr.ee/Fondera
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.