TheForexSamurai

H1 - Bracketing market long and short with APF intra/swing trade

TheForexSamurai Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Setups:

1. Bear Bat = Short
2. Bull Deep Crab = Long
3. Bull Bat = Long

Important levels:

Red line (in order from higher price to lower price / top to bottom) if price hitting the following levels:

1. Bull Bat POR
2. Bull Deep Crab POR
3. Bear Bat POR
4. Bear Bat POR (Bear Bat 61.8% XA) = Price breaking and closing above and retraces 38.2% from it will invalidate bat and will form Gartley Instead.
5. Bear Bat POR

Confluence in Setup 2 and 3.

Abbreviations / Keywords:

LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin


Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Comment:
TP 1 and 2 taken from our Setup 1. While we do still have valid Setup 2 and 3.

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