Trade Mark up Date: Aug 28, 2023
- Scissors Trade
Trade setup: Identify a an engulfing candle stick ( Bullish engulfing or Bearish engulfing) on the 4Hr. Then grab your fib and place it from the top of the candle to the bottom of the candle. Next grab a white dotted ray and place it at the 50%. Make sure to delete the fib after identifying the 50% mark. Now we are waiting for a break above or below at the 50% followed by a retest at the same 50%.
Execute: Break and retest
- Look out for a Potential Rock trade (look at previous Trade ideas to understand)
- Look out for a Ptential Payper Trade (look at previous Trade ideas to understand)
Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY
* SET AN ALRAM
Green box: Entry 0.50728
Red box: Stoploss 0.51496
Blue Box: Take Profit 0.49155
TP 1: 100pips
TP 2: 200pips
TP 3: 300pips
SL: 80-100pips
- Scissors Trade
Trade setup: Identify a an engulfing candle stick ( Bullish engulfing or Bearish engulfing) on the 4Hr. Then grab your fib and place it from the top of the candle to the bottom of the candle. Next grab a white dotted ray and place it at the 50%. Make sure to delete the fib after identifying the 50% mark. Now we are waiting for a break above or below at the 50% followed by a retest at the same 50%.
Execute: Break and retest
- Look out for a Potential Rock trade (look at previous Trade ideas to understand)
- Look out for a Ptential Payper Trade (look at previous Trade ideas to understand)
Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY
* SET AN ALRAM
Green box: Entry 0.50728
Red box: Stoploss 0.51496
Blue Box: Take Profit 0.49155
TP 1: 100pips
TP 2: 200pips
TP 3: 300pips
SL: 80-100pips