U.S. Dollar / Canadian Dollar

Short

#5 - Price Action 4H - 1H - 30

Updated

H: Identify trend following of 4H
- Buy when uptrend
- Sell when downtrend
- Wait if sideway

1H: Observing the price action at the key level (breakout, retest, false break)

30M: Finding the best entry for perfect Risk/Reward ratio

Note

4H is down trend

Note

1H, price is retesting key level or maybe the important key level

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Note

30m is strong bearish

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Note

Open 15m to looking up a good entry

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Note

5m, pinbar appears, waiting for marubozu

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Note

Hmm, still not good entry, keep waiting

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Note

Price breaks out for down trend, looking for a retracement to sell

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Trade active

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Trade closed: stop reached

Well, SL just reaches. I put it too low. I should put it little bit higher.

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Also on:

Related publications

#1 - Price Action 4H - 1H - 30M - [TP RR: 1 - 2.7]

#2 - Price Action 4H - 1H - 30M

#3 - Price Action 4H - 1H - 30M

#4 - Price Action 4H - 1H - 30M

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