Engulfing / SR Strategy

 

Please, help me with this strategy.

At H4 TimeFrame, it closes Engulfing in the trend, and at M15 it returns to SR, and then rebounds from it.

SL = 18 Pips

TP = 75 Pips

Is this a good idea? Is it realistic to trade like this?

Files:
EURCHFH4.png  29 kb
EURCHFM15.png  32 kb
 
Jiri Kasparek:

Please, help me with this strategy.

At H4 TimeFrame, it closes Engulfing in the trend, and at M15 it returns to SR, and then rebounds from it.

SL = 18 Pips

TP = 75 Pips

Is this a good idea? Is it realistic to trade like this?

Use trading view to back test it.

It has high chances  of working since you trading on the same direction with momentum 
 
Thanks, I will give here observations from trading and open trades. I hope it will be successful