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Nairaland Forum / Nairaland / General / EURUSD Buy Idea- The Last Kiss Trade (130 Views)
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EURUSD Buy Idea- The Last Kiss Trade by Fisher85tow: 5:59am On Jan 01, 2023 |
The last-kiss trade is a nice way to trade high-probability breakout trades. Here are the steps for the last-kiss trade: -Wait for the price to consolidate in a box between two zones. -The box should have at least two touches on both zones. -Wait for the price to break beyond one of the zones. -Once the price returns back to the consolidation box, wait for the market to print a last-kiss candlestick on the edge of the box. -For sell trades, a sell stop is placed below the low of the last-kiss candlestick, and for buy trades, a buy stop is placed above the high of the last-kiss candlestick. -Emergency stop loss is placed in the midpoint of the consolidation box. -The profit target is the nearest zone.
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