About meThings I understood from Markets :
1 . It is not 100% Efficient game. It is 50% loss and 50% Win.
2 . And when you win, win big and when you loose, loose small.
3 . No Strategy is going to give you more than 50% win rate.
That's it!
1. We will be looking to take an entry on retest to the golden zone(1.35750-1.35806) when we get confirmations on smaller Timeframe.
Make Sure you do position sizing in order to limit your risk and maximize your profits.
FROM Downside Triangle Trendline to Daily Resistance Zone along with RSI And MACD showing sign of loss in upward momentum,
there are quite possibilities of USDCAD going under table in 4 Hr TF either upto TP1 Level or TP2 Level.
We will enter trade based on Confirmation at smaller TFs and will look upto TP levels.
NOTE : This are for educational purpose and is not...
As We can see a strong pullback at 1hr we get a good long entry upto 162.900 - 163.500 level.
Position Sizing is important to manage Risky situations.
NOTE : This is just for an educational and experimental purpose and not an investment advice.
1. As we can see that there is the break of the structure at upside and also 1H resistance zone is being tested and also 30MIN Support zone is formed with even wicks not crossing down Blue zone.
2. If we grab fib we get entry at golden zone
IMPORTANT :- This information is educational and not a inspiration for Investment.