CADJPY | Short H4 | Market Exec |
Updated
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 a time-frame.
- Price action is reversed off the Supply Zone
- Targeting the other Demand Zone
- Price action looks like it will retrace first before grinding up higher.
Suggested Trade:
Entry @ Area of Interest 113.70 - 114.20
SL @ 114.92
TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 111.82
Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level)
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Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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- Stochastics are in Overbought Conditions on H4 a time-frame.
- Price action is reversed off the Supply Zone
- Targeting the other Demand Zone
- Price action looks like it will retrace first before grinding up higher.
Suggested Trade:
Entry @ Area of Interest 113.70 - 114.20
SL @ 114.92
TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 111.82
Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
________________________________
Note
If you managed to take off half position on TP1, awesome. Risk-free trade for you as you will move stop loss level to break even levels.If you missed it, we continue with the same trade setup.
Trade closed: stop reached
Closed the remaining trade at no loss. :D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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.