Multi-time frame analysis revealing an INSANE R:R ON EURAUD long
Have you heard of multi-time frame analysis? If not, pay attention to this great example.
What you are looking at is a potential 13:1 RR on EURAUD long. This monthly chart reveals buyers continuing to push price up. Entering long here is early and risky as we are still below a critical supply zone (shaded area between 1.66-1.68), but if you drop to the 4 hour chart (see attached image) you will understand my early entry.
https://cdn.discordapp.com/attachments/1039655692304396308/1129150518615359558/image.png
EURAUD
4 HOUR CHART: My thesis to enter long is based on the 4 yellow circles, indicating the presence of buyers. If this level is the platform for buyers to push price higher and higher, well then we may never see these lows for a long time. Again, it is very possible an entry here gets stopped out fairly quickly, but the reward to risk is far too great to pass on.
Unlike my usually split entries and multiple TP's, I will enter one large position and simply move my stops up until I get taken out.
The highest time frame analysis here is on the monthly. paytience is required.
What you are looking at is a potential 13:1 RR on EURAUD long. This monthly chart reveals buyers continuing to push price up. Entering long here is early and risky as we are still below a critical supply zone (shaded area between 1.66-1.68), but if you drop to the 4 hour chart (see attached image) you will understand my early entry.
https://cdn.discordapp.com/attachments/1039655692304396308/1129150518615359558/image.png
EURAUD
4 HOUR CHART: My thesis to enter long is based on the 4 yellow circles, indicating the presence of buyers. If this level is the platform for buyers to push price higher and higher, well then we may never see these lows for a long time. Again, it is very possible an entry here gets stopped out fairly quickly, but the reward to risk is far too great to pass on. Unlike my usually split entries and multiple TP's, I will enter one large position and simply move my stops up until I get taken out.
The highest time frame analysis here is on the monthly. paytience is required.
交易進行:
I entered long here at 1.62981
評論:
Look at where we are now! I caught the bottom of the quadruple bottom :)
交易進行:
Moved my stop up to 1.63977 - trade will be green no matter what. I'm still shooting for that ultimate 13:1 RR
It's not about the money made. It's about the freedom created.