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

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.

Komentar:

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.

Order dibatalkan:

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.