AUDCAD [Potential short]1. Price come to H4 resistance.
2. On H4 my bias is go short.
3. On M15 timeframe I would like the see couple of more candles spike out
4. I will then put SELL STOP below the H4 resistance stoplose about the resistance to capture downward momentum
This trade will have only 5pips stop and 15 pips target, will go breakeven when price move down 5pips and let the rest run.
Cheesetrade
Some interesting indicators I codedSupport&Resistant indicator :Draw lines when fail to make a higher high or lower low.
MACD divergence on chart:Show DIF cannot make a higher high or lower low when candles make a higher high or lower low on the candle chart,not on the MACD chart.
Session break:show Asian/London/New York session by different background color and show previous highest/lowest as session support and resistant and draw lines.
Range:When fail to make a higher high and lower low that form a range.
Please comment ,thanks guys.