Weely Market Review ( USDZAR ) by 01Kim's FX

11 Jul 2021

USDZAR

My 5 Steps To Trading Called MAEST

#1 Market structure ( Declining Stage )
#2 Area of value ( Pullback towards previous support, turned resistance once )
#3 Entry trigger ( Shooting star + bearish engulfing daily candle close )
#4 Stop loss ( you could set your SL 1ATR above previous highs or some pips away from previous highs )
#5 Take profit ( have a target profit at the nearest swing low )

As we can see here on 1D-TF price raise back to previous area of value that acts as support, turned resistance once and could potentially be resistance again as I can see higher volume of bearish candles than bullish at that level, +bearish engulfing daily candle close.

Your HomeBoy
01KIm's FX
🤍🖤🤍✊🏼

13 Jul 2021

Nota

hey my friends,

Good dey our final criteria of this trade steup was not met, if you read closely on my text explanations

So that's how you plan your trade and hold on to your trade plan's ok
cool