011

TRADE RESULT

BIAS & PAZ

SETUP

FIRST TARGET

NOTES

One of my best trades for 2020, this one was discussed in length in our trading room when it set up. On the Weekly TF EURJPY was reaching lower for the big liquidity level. Once it cleared, it formed my favourite big swing pattern, #RP07. On the 15min TF price impulse, consolidated, cleared the high and then spiked back to the low for a perfectly timed entry. The first target came it at 11R while the final target on the other side of the range came in at 25R. One trade like this can make your quarter and is a perfect example of combining higher timeframe bias and wave structures with LTF timed entries for maximum reward ratio.