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masterkeytrading
Jun 24, 2019 5:20 AM

Live USDCAD 6/17/19 10:15 pm  Short

U.S. Dollar/Canadian DollarFXCM

Description

  • Daily candle showing weak bull candle after bullish engulfing
  • H4 structure downtrending and retraced deep
  • valid H1 BOS with m30 confirmation, waiting for entry because H4 is consolidating and i need a m15 BOS
    Confluence Daily MA, Daily level, 88.6 PRZ,
    Risk: 15-20 pips because H4 is consolidating

Comment

During the trade, H1 broke structure to the upside. Both m15 and m30 broke structure to the upside before falling. These were valid exit signals for me (especially H1).
Comments
IgorPorokh
@masterkeytrading
Nice chart!
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