SLK STRATEGY

@headies what is your risk to reward on the trade?

1:4rr

I noticed your TradingView timezone is set to UTC-5 and you are in Nigeria I guess, thought it should be UTC or UTC+1

Yh, it was intentional cos of the Asian session. Thank you

Bro check, it looks like your stop has been hit.

Yh, my stoploss was hit. I followed my plan so I’m not bothered about the loss.

THIS PAIR INALIDATED MY BUY SETUP FOR YESTERDAY, SCROLL UP THE THREAD YOU WILL SEE THE SETUP AND RESULT.

ON THE DAILY TIMEFRAME, WE HAVE A BREAKOUT TO THE DOWNSIDE WHICH SIGNALS A SELL. WE ARE NOW BEARISH ON THIS PAIR. I WILL BE LOOKING FOR SELL SETUPS.

For me, I have taken my sell trade at 1.1799 with a 10 pip stop at 810. I like to get in early at the start of London. SInce your bias on the 1-day chart is bearish i can use it as confirmationcombined with the option expiries seating below.

How did it go? Looks like TP has been reached bro

My TP has been reached so I am done trading EUR/USD for today.

Chairman, no analysis today?

No analysis today chief

HERE ON THE WEEKLY TIMEFRAME, GBPCHF IS BEARISH. THE WEEKLY LOW IS THE TARGET FOR THE SELLS.

WEEKLY SHOWED US THAT WE ARE BEARISH AND DAILY ALSO ALLIGNED BY GIVING US A BREAKOUT TO THE DOWNSIDE. I AM WAITING FOR PTICE TO TAP MY BREAKOUT LEVEL BEFORE SELLING AS SHOWN ON THE CHART.

EURCAD

I AM BEARISH ON THIS PAIR BECAUSE LAST WEEK CANDLE GAVE US A BREAKOUT TO THE DOWNSIDE. THIS BREAKOUT SIGNIFIES A SELL.

EURCAD

I AM BEARISH ON THIS PAIR BECAUSE LAST WEEK CANDLE GAVE US A BREAKOUT TO THE DOWNSIDE. THIS BREAKOUT SIGNIFIES A SELL.

ON THE DAILY TIMEFRAME, PRICE JUST TOOK OUT THE LIQUIDITY CANDLE AND CURRENTLY REACTING AT A QMR LEVEL ON DAILY. I AM WAITING FOR THE CURRENT 4HR CANDLE TO REJECT AND CLOSE AT THE QMR LEVEL.

Ps what is QMR level?

QMR MEANS QUASIMODO REVERSAL.

GBPCAD

I AM BEARISH ON THIS PAIR COS WE HAD A BREAKOUT TO THE DOWNSIDE WHICH SIGNIFIES A SELL.