SimonVerlinde

CADCHF LONG

Long
OANDA:CADCHF   CAD/CHF
Weekly:
- Bullish M
- Bearish big candle close

*First time we break the HL
*We close very bearish
*First time structural retest IC

Daily:
- Bearish driver
- Inv H&S + Natural M
- S&D zone is tapped
- Clear S&D zone
- 3 leg -68 FC aswel
- 3rd touch ascending trend line

4H:
- Bullish
- Clear tap daily zone (D 100 of Natural M)
- Double bottom + Bullish M as 4H criteria
- Sitting on 5 leg -27 FC
- Clear S&D zone (Horizontal ray)

*In the past we can see also this 4H entry criteria around this zone


Comment:
Other pattern option: 4H Inv H&S after new liquidity

D/
- Natural M + Inv H&S still valid
- Bullish candle close + smaller Inv H&S
- Touched the previous low and bulls kicked in
- We got a full -68 FC at this moment

4H/
- Bullish
- Bullish driver
- Inv H&S with BOS
Trade closed: stop reached
Comment:
Review trade: -1%

LESSONS:
- We used multiple times the "same" liquidity and we couldn't break the selling zone
- We had a corrective PA with Fib C and pattern forming BUT price took 'fresh' liquidity a little bit lower and then pushed trough the upside

Conclusion:
- Multiple times liquidity taken from a zone and can't break the zone after 2/3 times, price is going to make a new action and take liquidity some lower in the market for making then the push

4H/
- Inv H&S with break was enough due to 4H driver + Fib C and daily pattern in pattern
- BE just not reached 0,83%
- Ugly 4H pattern but clear on 2H/1H


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