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masterkeytrading

Live USDCAD 5/24/19 6:00 am

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
masterkeytrading Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Fibonacci Candlestick Analysis LIVE
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supportandresistance fibonacci candlestick live
  • Last daily candle was bullish with a top wick, Closed under daily exhaustion zone
  • H4 structure consolidating forming a LH just under monthly resistance, showing top wick like a middle finger
  • H1 did not break structure to downside valid yet, doji break, forming H1 TL
  • valid m15 BOS to downside, waiting for valid entry, right around H1 TL
    Confluence Monthly Key level, H1 Trendline, 78.6 PRZ
    Risk: Low under 10 pips
Trade closed manually:
Entered lower around 1.3445 based on m15 bearish variation. Held till market close. 20 pip drawdown. Should have entered once I saw H1 BOS to downside and entered on m15 candle. Would have had less than 5 pip drawdown. Was confused on this entry because m15 or m30 did not retrace enough prior to this post. Should be more patient next time.
Comment:
Jumped the gun, not patient for 38.2 retrace.
Comment:
Not a valid Daily candle for me
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