SLK STRATEGY
On the weekly timeframe, price is rejecting at a weekly A_ SHAPED key level. Remember A_SHAPED Key levels are used for sells.
On the daily timeframe, we had a breakout to the downside to signal a sell. Weekly and daily are now aligned.
Here on 4hrs, we also had a breakout to the downside with a single candle liquidity. I am expecting price to sweep the liquidity before selling.
Here on 4hrs, we also had a breakout to the downside with a single candle liquidity. I am expecting price to sweep the liquidity before selling.
The thought process played out practically well. The single candle formation liquidity was swept and price started dropping.
I just took a sell trade on GBPCHF with 10pips stoploss using my SLK strategy.
I just took a sell trade on GBPCHF with 10pips stoploss using my SLK strategy.
This is the progress of the trade . I will update when I close the trade.
This is the progress of the trade . I will update when I close the trade.
This is the result of the trade. Would have made more but maven prop firm closed my trade. I don’t even know what went wrong with their system
