Hello everyone, if you like the idea, do not forget to support with a like and follow.
Take profit is taken from the previous leg of the weekly time frame while the Stop loss is taken from the daily leg of the impulse.
And we have created the setup on the 4H where we always do our entries, we also have checked the lower timeframes as well for confirmation.
Here is the signal with a RRR 1:4.91:
Entry: 109.650
Take Profit: 111.800
Stop Loss: 109.206
Good luck!
All Strategies Are Good; If Managed Properly! So best to use risk management.
Take profit is taken from the previous leg of the weekly time frame while the Stop loss is taken from the daily leg of the impulse.
And we have created the setup on the 4H where we always do our entries, we also have checked the lower timeframes as well for confirmation.
Here is the signal with a RRR 1:4.91:
Entry: 109.650
Take Profit: 111.800
Stop Loss: 109.206
Good luck!
All Strategies Are Good; If Managed Properly! So best to use risk management.