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Cheesetrade

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.
Short
by tradingfrog
Updated
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.
Education
01:30
by Quant_David

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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