Skurt
Reversal Coming? ShortOverall after combining two methods i feel it will come to a reversal based off a double top setup and ultimately placing my stop loss just above the 78.6 Fib line.
Maybe? Short BIGger Double Top?Just watched a video on structure and wanted to see what i could come up with based on this strategy. Just for experimental purposes.
USDCAD - LONG swing tradeHi all,
For this FX:USDCAD trade I think we have a good setup for a swing trade from the 38% fib level back up to the previous high zone where it will either range for a bit or hit the 23% fib and then return to its original direction down.
As for entry we will either take the entry on the 15 minute with and indecision candle or use a strong bullish engulfing on the 15 and 60 minutes.
Dont mind my crappy drawing lol
entry: 1.34070 +- 20
TP: 1.34608 or round to 1.34600 --> 760 pips
SL: 133870 --> 200pips
GL and Happy trading.
