AUD/CAD 1/26/2021 16:05 (DEMO)
AUD/CAD 1/26/2021 16:05 DAYTRADE
Fundamental/Sentimental
Cot: Hedge funds have such little correlation that it is pointless to even use this data.
News and Events: CPI
Technical
Time Frame Analysis:
Monthly: previous candles indicate accelarative increase in buyers
Shooting star candle, wick needs to be filled
Weekly:
Daily:
4H: Trend, upwards, has not retested support
Simply, instead of looking at every individual time frame, I instead just decided to order based on a level and a trend with the help of indication of buying and selling power.
Indicators: RSI Supports all
Entry
Order: 0.03, 5000USD
Position: Limit Sell at 0.98410
RR: 3.52
This is a day trade, not a swing trade. Testing different things right now as much as possible. Entering on the 1 hour rather than the 4
Fundamental/Sentimental
Cot: Hedge funds have such little correlation that it is pointless to even use this data.
News and Events: CPI
Technical
Time Frame Analysis:
Monthly: previous candles indicate accelarative increase in buyers
Shooting star candle, wick needs to be filled
Weekly:
Daily:
4H: Trend, upwards, has not retested support
Simply, instead of looking at every individual time frame, I instead just decided to order based on a level and a trend with the help of indication of buying and selling power.
Indicators: RSI Supports all
Entry
Order: 0.03, 5000USD
Position: Limit Sell at 0.98410
RR: 3.52
This is a day trade, not a swing trade. Testing different things right now as much as possible. Entering on the 1 hour rather than the 4
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.