Trade of the Week: COMBO

This week there is a set up for PAYPER trade and SCISSORS Trade

– Payper Trade
Trade setup: When the market is moving sideways use the box tool to identify the market consolidating. We are waiting for a break and retest for either a SELL or a BUY.
Execute: Clear break and retest from top or bottom of box.
– Scissors Trade
Trade setup: Identify a an engulfing candle stick ( Bullish engulfing or Bearish engulfing) on the 4Hr. Then grab your fib and place it from the top of the candle to the bottom of the candle. Next grab a white dotted ray and place it at the 50%. Make sure to delete the fib after identifying the 50% mark. Now we are waiting for a break above or below at the 50% followed by a retest at the same 50%.
Execute: Break and retest

Standard Rules
*Position Type: Limit orders and Market Execution orders ONLY

TP 1: 100pips
TP 2: 200pips
TP 3: 300pips
SL: 80-100pips

Markup Date: August 20 2023

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement -

You might also like...