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EURUSD Buy Idea- The Last Kiss Trade - Nairaland / General - Nairaland

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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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