- \n
- Use a 200 EMA<\/strong> to define the trend:\n
- \n
- Price above<\/strong> = bullish bias<\/li>\n
- Price below<\/strong> = bearish bias<\/li>\n<\/ul>\n<\/li>\n
- Confirm with a higher timeframe trend (e.g., Daily\/Weekly)<\/li>\n<\/ul>\n
2. Wait for Pullback into a Confluence Zone<\/strong><\/p>\n
- \n
- Look for price to retrace toward the 50 EMA or a Fibonacci level (38.2%\u201361.8%)<\/li>\n
- Ideal if it aligns with a previous structure zone (support\/resistance)<\/li>\n
- Give yourself visual flexibility with 10\u201320 pip zones<\/strong>.<\/li>\n<\/ul>\n
3. Confirm Entry with Price Action<\/strong><\/p>\n
- \n
- On the 4H chart, wait for a bullish engulfing (longs) or bearish engulfing (shorts), or a pin bar\/wick rejection<\/li>\n
- You could zoom in to the 1H or 15min for tighter entry if scalping around position builds<\/li>\n
- Wait for the 4H candle to close for confirmation.<\/li>\n<\/ul>\n
4. Risk Management & Trade Management<\/strong><\/p>\n
- \n
- Stop Loss:<\/strong> Just below\/above the structure or last swing<\/li>\n
- TP1:<\/strong> Previous high\/low<\/li>\n
- TP2:<\/strong> Extended move based on measured move or key levels (e.g., Daily zone)<\/li>\n
- Risk per trade:<\/strong> 0.2 – 0.5%<\/li>\n
- Trail SL<\/strong> once TP1 hits or move to breakeven<\/li>\n
- Try and journal every trade!<\/li>\n<\/ul>\n
Works Best When:<\/strong><\/p>\n
- TP1:<\/strong> Previous high\/low<\/li>\n
- Stop Loss:<\/strong> Just below\/above the structure or last swing<\/li>\n
- Price below<\/strong> = bearish bias<\/li>\n<\/ul>\n<\/li>\n
- Price above<\/strong> = bullish bias<\/li>\n
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