Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 2.56%
Reward: 3.84%
Reasons for Entry: Shown rejection of upper channel trendline, and at double top.
Reasons for SL Placement: Above rejection wick, out of noisy area.
Reasons for TP Placement: Just above double bottom.
Note: Idea from FMG.
Execution Timeframe: 4H
Risk: 2.56%
Reward: 3.84%
Reasons for Entry: Shown rejection of upper channel trendline, and at double top.
Reasons for SL Placement: Above rejection wick, out of noisy area.
Reasons for TP Placement: Just above double bottom.
Note: Idea from FMG.