-1%
EURUSD
1/26/22 - Backtest
Short
Continuation
HTF:
Nice move up from a weekly demand zone, could look for longs at retrace to the demand, but up until the S/R area, PA leads the way.
MTF:
Price currently at demand and could go up to the final target from here. Demand below that could be revisited however, so any longs here will be taken with caution and PA on LTF.
LTF:
Price engulfs demand, looks like it wants one of the lower ones marked before making the move up. In the meantime, will look for shorts until demand below, to begin going long.
Entry:
Got in immediately after engulf, even though price wants to retrace to previous engulf before continuing. Therefore, the demand below on the same scale stopped be out, should have waited for price to go back to zone cap above, or could have placed a much wider stop.
Corrected Entry:
EURUSD
1/26/22 - Backtest
Short
Continuation
HTF:
Nice move up from a weekly demand zone, could look for longs at retrace to the demand, but up until the S/R area, PA leads the way.
MTF:
Price currently at demand and could go up to the final target from here. Demand below that could be revisited however, so any longs here will be taken with caution and PA on LTF.
LTF:
Price engulfs demand, looks like it wants one of the lower ones marked before making the move up. In the meantime, will look for shorts until demand below, to begin going long.
Entry:
Got in immediately after engulf, even though price wants to retrace to previous engulf before continuing. Therefore, the demand below on the same scale stopped be out, should have waited for price to go back to zone cap above, or could have placed a much wider stop.
Corrected Entry: