STRATEGY: 100EMA Pullback Strategy
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition:
Entry Trigger (1H): Inside Bar (Low volatility/good RRR)
Entry Price (EP): 1.45919
Stop Loss (SL): 1.46164
Take Profit (TP): 1.45183 (3R)
Analysis:
This is a continuation of the previously closed short position.
Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA.
Strong price rejection manifested rejecting the said EMAs.
OANDA:EURCAD
Note: This post is for my reference/journal purposes only. Trade at your own risk.
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition:
- Long Term: Ranging
- Short Term Downtrend
Entry Trigger (1H): Inside Bar (Low volatility/good RRR)
Entry Price (EP): 1.45919
Stop Loss (SL): 1.46164
Take Profit (TP): 1.45183 (3R)
Analysis:
This is a continuation of the previously closed short position.
Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA.
Strong price rejection manifested rejecting the said EMAs.
OANDA:EURCAD
Note: This post is for my reference/journal purposes only. Trade at your own risk.
Trade active:
Price moving on our direction. Currently at 1.25R