Entry #3 EURCAD - Trader: NaimEdelweissFX
In my EURCAD entry, I am a little bit ambitious on this one. Upon my observation of the formation of order block above the Liquidity pool line (along the entry post), I have set a position to capitalized possibly a reversal of the potential "Breakour point". As the failure for the candle to actually closed effectively above the so-called "Breakout point". My biased will be short on this one, despite a riskier position of my entry.
On the other hand, there is a large FVG candle underneath the flag compression zone, where the flag compression zone itself indicates large buy orders has been placed there, and certainly Liquidity to be GRABBED by Market Maker.
Either way, those FVG will need to be filled somehow. UNLESS I AM WRONG. Which I may be, or otherwise.
My target may be toward the next Liquidity POOL, or a little bit ambitious order block at the extreme level (FIB 88-100%)
On the other hand, there is a large FVG candle underneath the flag compression zone, where the flag compression zone itself indicates large buy orders has been placed there, and certainly Liquidity to be GRABBED by Market Maker.
Either way, those FVG will need to be filled somehow. UNLESS I AM WRONG. Which I may be, or otherwise.
My target may be toward the next Liquidity POOL, or a little bit ambitious order block at the extreme level (FIB 88-100%)
Trade closed: stop reached:
I overlooked the orderblock above it.
- keep my risk minimal at 1% per trade.
- probably the coffee lol!
- keep my risk minimal at 1% per trade.
- probably the coffee lol!