1.73%
EURUSD
1/13/22 - Backtest
Short
Fakeout
HTF:
Price currently at weekly S/R with space to go down to fill the space. Long term shorts are in order but not at least until price gets back up into another s/r zone. In the meantime, could look at MTF/LTF longs for price to get back up.
MTF:
Price just engulfed H4 supply, looking for longs at retrace to decision point up until the HTF base above, with LTF PA of course.
LTF:
Price reacting nicely to base, will wait for engulf of LTF supply before any long entries.
Entry:
Not a large winner, long entries didn't offer PA, so I chose to take a small scale short down to the next cap for about 2R. Quite simple.
EURUSD
1/13/22 - Backtest
Short
Fakeout
HTF:
Price currently at weekly S/R with space to go down to fill the space. Long term shorts are in order but not at least until price gets back up into another s/r zone. In the meantime, could look at MTF/LTF longs for price to get back up.
MTF:
Price just engulfed H4 supply, looking for longs at retrace to decision point up until the HTF base above, with LTF PA of course.
Price reacting nicely to base, will wait for engulf of LTF supply before any long entries.
Entry:
Not a large winner, long entries didn't offer PA, so I chose to take a small scale short down to the next cap for about 2R. Quite simple.