The channels are pretty easy to understand, you can enter with whatever indicator/strategy you want.
I'm using the Spectro oscillator, whenever it enters on the entry channels I start opening my position.
I usually divide my position into 3 parts:
33% once it enters the channel(long or short)
33% if it breaches the lower/or upper level(usually that's when the...
coming to major level here very strong, cad is completely dead this morning lol
probably a break and will be watching for the retest, beware cuz its friday and quadruple witching day (google) so it may be a fakeout and give large large wick
i will be waiting for last kiss or that big fat fakeout
read higher tf PA :))
Nice double top here, NY choppy wick time, then shows sweet doji on 15m tf signaling the drop after the retest of neckline/last kiss on the double top
while the overall trend is bearish
pretty awesome RR for scalper to next zone, small pips to W or L but consistency is what matters most
another great confluence is the 15ema 200ema cross we see right as the entry...
Trend is down since beginning of week
Beautiful market structure, drop base drop, over and over
clear break bears in control after high tf strong bear close outside zone ready for another push with NY/London cross volume
Maybe not a best time for scalping , considering its Friday, but i think it's doable.
USDCAD could potentialy start falling to 1.31500 so I think it's good time to try some scalping.
SL is small since I'm looking for a clean break.
I used Fibonacci on 1H TF.
I will short till 1.13340 or till 1.13190 as fibo tools falls on 1.272 levels. Then look for Reversal for Long looking at 1.272 retracement on 4H TF for impulsive wave.
This is my video on 1H TF Fibonacci tool to reach 1.272 area SHORTING EURUSD. youtu.be
This is my Fibo plot on 4H TF LONG on EURUSD after...
Vwaps entries intra-day&Scalp made me +50pips down and +50pips up in less than 30 mins. Other traders would be waiting for 3-4 day swing I scalp in 30 minutes :moneybag:
Z- distance good for trend reversal confirmation. The vwap areas using it's areas as support and resistance in the chart and for entries and exits.
Price is testing third time Major support zone.
I'm looking more for break or little more consolidation before true break and ride to the Weekly/Daily zone.
Overall we have good momentum down.
Today are high impact news for USD. Possible fakeouts
After a miserable first half of 2018, many traders and investors are wondering when bullion will begin making a comeback. Values have consistently fallen in August gold futures, bringing the psychological level of 1200.0 into view.
In the short-run, things can get worse for gold. The U.S. FED is due out with their policy statements and interest rate decision...
My eyes see scenario of the continuation momentum up to atleast big zone where TP2 is.
If we look from Daily/Weekly picture we see on weekly how price fakeout. *There were news*
If we turn down we should watch for possible buys/sells depends what will price action tells us.
Overall we are in downtrend but still on Weekly Zone. Lets see