Backtest USDZAR 3/7/19 4:15 am
- Last daily candle was bullish engulfing
- H4 structure uptrending and found support @ monthly level, and showed a tested candle that took a lot of candle
- H1 uptrending and valid BOS to upside
- M15 BOS valid right after H4 formed a bullish tested candle and broke above the tested candle resistance
Confluence Monthly Support, 38.2 Fib, H1 trendline
Risk: Both trending so risk should be less
Exit: Bearish H4 candles right at weekly level
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