selling ECAD continued analysis from previous post. looking to take profits at either LOD for 1:2 or 1:4
neutral on this trade idea need BOS to determine next steps
looking to take buys into the first 15 min target and beyond if presented waiting on entry confirmation (retracement)
monitoring closely, might retrace back to pre NY supply took sell after BOS @ PLOD
need a break of structure to determine long's/short's either direction
- looking to buy UCAD - on position is long term (aiming for the overall void fill at the 1 & 4 hr supply) - other trade is just for a 1:2
- original set up from previous post did not play out as planned - adjusted for sells but $ is in a range right now - planning to wait out the move for each position for about 25 more minutes before calling it a day.
aiming to sell REQ: - touch to 15 min supply - break of structure below 1.08541 - retest/entry at new NY supply (in-session)
looking to sell EURCAD after break of strucutre have alerts set, left to run some errands, will update periodically.
looking to sell EU once price retraces into the pre-NY supply if price rejects, all is needed is a BOS an retracement to a new lower timeframe supply. if not, will look for another in-session supply to sell from
post trade analysis video: also analyzed/updated 2 other pairs, however, ECAD trade idea presented an opportunity first so i only took 1/3 setup's. went for a 1:3 RR, aiming for the 15 min demand trade hit TP ✅
analysis of 3 pairs today i will update the thread with entry parameters once $ plays out with my analysis a little more will most likely only send one trade idea for simplicity but i will update the thread with the results of my analysis for these 2 pairs just be on the lookout for any changes.
initially took a counter-trend trade for sells on ECAD chose to close and BE on this trade got in a buy positiona fter the bullish push above the HOD/PHOD level price did not activate my buy limit position. i noticed $ supporting at a certain level so i manually entered in a buy and tp was hit about an hour later
UCAD BUYS AFTER RETRACEMENT TO THE 15 MIN DEMAND cross above ema waiting, aiming for 1:2 and above
looking to sell UCAD supply's have been used and break of structure has occurred need a retracement to the entry aiming to take price to the LOD and 15 min demand
EURCAD NY pre-session set up. waiting to see if $ will hit original tp from the first trade $ used a london demand for a quick 20 pip push to tp
HIGEST AND LOWEST POINTS FROM 2019 - CURRENT