hello
this is 15 min USD/CAD chart
for next business day i expect The price will react to these levels specified in the chart
The reason that price may react to these levels is that
Due to the previous high break, we expect the price to return to the order block and then move in the direction we expected.
I place the buy orders a little higher than the order block and I set the stop-loss a little further away from the order block and vice versa. so that the spread does not cause me to be unable to enter the trade or the stoploss will be priced earlier than I arrived.
Because I want to test this strategy and I use tradingview as my trading journal so I am currently working on only two currency pairs that I have identified below this week, due to the low spread and high volatility of these two currency pairs.
AUD/USD
USD/CAD
I hope all have a great week.
Abolfazl Abedi
this is 15 min USD/CAD chart
for next business day i expect The price will react to these levels specified in the chart
The reason that price may react to these levels is that
Due to the previous high break, we expect the price to return to the order block and then move in the direction we expected.
I place the buy orders a little higher than the order block and I set the stop-loss a little further away from the order block and vice versa. so that the spread does not cause me to be unable to enter the trade or the stoploss will be priced earlier than I arrived.
Because I want to test this strategy and I use tradingview as my trading journal so I am currently working on only two currency pairs that I have identified below this week, due to the low spread and high volatility of these two currency pairs.
AUD/USD
USD/CAD
I hope all have a great week.
Abolfazl Abedi