This has been one of the top trades that Anas has taken where the analysis was on point and 1:2 RR was Hit in the AZTrades Strategy. Let's break it down together to give you more insights.
PRE MARKET ANALYSIS
We’re currently observing a potential long setup on UK100, as identified on the 1H chart. By applying the Fibonacci tool, we’ve pinpointed a key area of interest where we plan to wait for price action to align with our strategy. Once the 5-minute timeframe confirms the move with a break of structure to the upside, we’ll look to initiate our trades accordingly. Patience and precision remain our focus.
Entry: 8814.5
Take Profits:
🔹 TP1 – 8819.5
🔹 TP2 – 8823.0
🔹 TP3 – 8830.5
Or
🔹 1:2 RR – 8830.5
Stop Loss: 8806.2
POST MARKET ANALYSIS
📆 Fundamental Analysis
According to the economic calendar, there were no high-impact news releases affecting any of the instruments within our trading universe. This provided a favorable environment for technical-based trades, with no fundamental disruptions expected during the session.
📊 Technical Analysis
The UK100 was identified as the most promising asset for the session due to a clear bullish market structure on the 1-hour timeframe, complemented by precise price action signals on the 5-minute chart.
🔹 Break of Structure at 07:45
• Market Structure: A confirmed break of structure (BOS) to the upside was observed at 07:45 on the 5-minute chart.
• Risk Management: Prior to entry, the price range tool was used to determine the appropriate stop-loss level, which was set at 8800.4.
• Trade Execution: Upon confirmation of the BOS, a long position was executed with three take-profit targets placed at key liquidity levels.
STRATEGY IN ACTION
AZTrades Strategy is in action with two different risk management styles and it is entirely up to you which one you prefer to go for:
1ST: 3 TPs
2ND: 1:2 RR
RESULTS
🔹UK100 BUY / TP3 / 115 Pips ✅💰
Or
🔹UK100 1:2 RR
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