As it's shown we have a possible QM setup at the lower extreme point. As always two types of entry could be taken into consideration.
Risky Trade : Enter upon, price reaching the entry level and set the SL and TP accordingly. This method is riskier because it might ignore the level and hit the SL.
Confirmed Trade: Upon reaching the entry level, Check the lower time frame like 1 or 5 and spot reversal ( CHOCH) to the upside.
Risky Trade : Enter upon, price reaching the entry level and set the SL and TP accordingly. This method is riskier because it might ignore the level and hit the SL.
Confirmed Trade: Upon reaching the entry level, Check the lower time frame like 1 or 5 and spot reversal ( CHOCH) to the upside.
Note
Order has been activatedNote
CAD News is hitting the market in 20 minNote
Trade went in our direction after hitting the SL Due to the important news
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.
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.