Confirmation entry on a Break Block (5m) + FVG (4H) confluence

12 giu 2023

Price already reacted to the BB (5m/ Yellow Border Square) + FVG (4H - Yellow Background Square) confluence and created a CHoCH. I expect price to react and continue pushing up after touching one of the two EQL zones.

I will risk 0.25% of my account size if in case price triggers both of my stoploss, I will still have another 0.5% to use because I think price will go bullish this week the next one.

12 giu 2023

Nota

The lowest entry can be moved further down in case that price also grabs the liquidity of Asian Session Lows. I find the 1.073 Round Number atractive but I might adjust my entry point to be 1 pip above it.

Update the Stoploss to your preference.

12 giu 2023

Ordine annullato

This time price left without us. If price touches our entry point it would be a trade using the trendline as support instead of a CHoCH confirmation trade which is what I originaly wanted to trade.

If you feel like accepting the risk I recommed trading only the trade with the lower entry point. (1.07360)

As for me, I will wait for the price tp break the trendline and wait for a rebound further down.