Trade idea - USDHUF Long

4 sept.

4H

Corrective approach towards entry zone.

-27 Fibonacci completion aligning with entry zone.

Ascending trend line holding up the price.

= Buy limit.

Bullish M pattern also there as extra evidence.

0.3% risk.

4 sept.

Note

MONTHLY

Inverse Head & Shoulders pattern potentially in play.

Clear support & resistance zone is there.

4 sept.

Note

WEEKLY

Double bottom pattern can be in play, with fake out towards the Monthly zone.

-27 Fibonacci has been completed.

4 sept.

Note

DAILY

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Clear support & resistance zone is there.

4 sept.

Transaction en cours

Involved.

4 sept.

Trade fermée: ordre d’arrêt atteint

-0.3%. I was doing an FTMO challenge trying to get funded with 50K. Drawdown limit got hit. Failed this challenge. Time to evaluate. I will learn from my mistakes & try again soon. Great things don't come easy.