Long

EU 1H 50% Retracement Entry on multiple time frames

Updated

Using the analysis from the 50% retracement strategy on the 1H time frame I have entered on the 1m TF using the same retracement strategy. This allows me to enter with a significantly smaller stop loss and in turn the ability to become risk free in a far shorter space of time

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TP2, at each target I close 50% of the remaining position.

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TP3

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TP4

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TP5

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Being an Intraday Trader I rarely hold trades overnight and certainly never over a weekend. Closing the remainder of the position for a 1-5 risk to reward ratio. Have a good weekend people!

Trade closed manually

Cryptsyxalt

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15M EU 50% RETRACEMENT ENTRY

by Cryptsyxalt

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