1 Sept 2023 GBP/USD 5 Min Support Back testing Result
First mark all the important support and resistance levels on the line chart on the 5 minute time frame, then switch to the candlestick chart on the 1 minute time frame.
Notes :-
- If price not touch SnR level ant have small Gap Do not take Entry
- Price break 30% above/below SnR take Revarsal
- Avoid News trading 30 min - 1H
- Most Recent level is very important
- 5 min level also work on 65% plus , if i use most recent price action then win rate 80%
Todays 2 Major News On USD
1.
| 18:00 | USD | U-6 Unemployment Rate | LOW | 7.1% | 6.7% | 6.7% |
2.
| 18:00 | USD | Unemployment Rate | HIGH | 3.8% | 3.5% | 3.5% |
3.
| 19:30 | USD | ISM Manufacturing Prices | LOW | 48.4 | 43.0 | 42.6 |
Note :- Avoid 1H - 30 min News Release
Trade Result and PnL
Excle Sheet with Martingle
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5 Min Support Back testing Result
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GBP/USD
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