I Will not place this trade because the time of the year.. and bank holiday
but just sharing my view and how a setup should look like
my trading rules / system is :
buy / sell on pivot points (Weekly or Monthly)
go with the Daily trend
drill down to 4H and 1H view
look for long wick bar or other Price Action signal
also using chart pattern like : like Flag or Wedge
one good setup is Flag to Pivot
Risking 20-30pips max
and RR Should be at least 1.5
but just sharing my view and how a setup should look like
my trading rules / system is :
buy / sell on pivot points (Weekly or Monthly)
go with the Daily trend
drill down to 4H and 1H view
look for long wick bar or other Price Action signal
also using chart pattern like : like Flag or Wedge
one good setup is Flag to Pivot
Risking 20-30pips max
and RR Should be at least 1.5
Note
1H View :
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.