SUPPLY/DEMAND SMA 200 INSIDE BAR REVERSAL SETUP ON GBPJPY
Mis à jour
https://prntscr.com/hoyl0i
* SMA 200 dynamic support and demand zone confluence detected
* Price entered the support confluence zone and touch both the demand zone and SMA 200 before reversing.
* Price reversed failing to make a successful bearish breakout of the zone and SMA 200 {i.e. we didn't print any candle that its complete range doesn't touch the confluence} and form a bullish inside bar price action
* ENTRY :- Pending order at the high of the inside bar breakout candle
* STOPLOSS :- SL to be set at the mother bar low below the sma 200
* TARGET :- 2:1 RRR
* TRADE MANAGEMENT :- Move stoploss to breakeven at 150% profit i.e 1.5:1 RRR
* SMA 200 dynamic support and demand zone confluence detected
* Price entered the support confluence zone and touch both the demand zone and SMA 200 before reversing.
* Price reversed failing to make a successful bearish breakout of the zone and SMA 200 {i.e. we didn't print any candle that its complete range doesn't touch the confluence} and form a bullish inside bar price action
* ENTRY :- Pending order at the high of the inside bar breakout candle
* STOPLOSS :- SL to be set at the mother bar low below the sma 200
* TARGET :- 2:1 RRR
* TRADE MANAGEMENT :- Move stoploss to breakeven at 150% profit i.e 1.5:1 RRR
Transaction en cours
The trade is working out and we are up by 55pips+ on the trade.......I will be reducing my overall risk on the trade by half as soon as price gets to 151.08 {77pips} then i will reduce all the risk to breakeven at 150.43 (116pips) and we will look exit the trade at our final target............
Note
Trade working out nicely, we are already above 77 pips now and stop loss has been reduced from - 77 pips to - 39 pips.Note
We are up by 110pips, we are now at 1.5:1 Reward to Risk Ratio and our stop loss has been moved to breakeven. The trade is now risk free as we await our final targetTrade fermée: cible de profit atteinte
Trade finally closed in profit.Congrats to those who took the trade.
On to the next one.
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