I Published a long term buy - see below.
However this is a short-term buy
In institutional trading, we look for Points of Interest where banks will be looking to take out liquidity or rebalance a move. So below POIs are where we will aim to enter the buy with precision and have a tight stop loss of 10-20 pips for a big Risk-Reward trade
1. Entry 1 - Circled in Yellow is the wick rejection that needs to be rebalanced
2. Entry 2 - Circled in Yellow is the Order block (if you scale down a smaller time frame you would notice it was a consolidation that got blown out.)
- Price will look to enter the open or 50% of the red candle
Manage your risk accordingly
However this is a short-term buy
In institutional trading, we look for Points of Interest where banks will be looking to take out liquidity or rebalance a move. So below POIs are where we will aim to enter the buy with precision and have a tight stop loss of 10-20 pips for a big Risk-Reward trade
1. Entry 1 - Circled in Yellow is the wick rejection that needs to be rebalanced
2. Entry 2 - Circled in Yellow is the Order block (if you scale down a smaller time frame you would notice it was a consolidation that got blown out.)
- Price will look to enter the open or 50% of the red candle
Manage your risk accordingly
Commentaire:
Longer term trading
Transaction en cours
Trade fermée: cible de profit atteinte