USDCHF on the daily TF price is bullish on the 4hr price broke structure and came back for a retest and then formed a nice bullish engulfing candle for a great entry.
This was a bad trade from the start. First of all when I took this trade I didn't have that 4hr zone level at 1.4525 marked on my chart to show me that it was a level of support right there. So I entered this trade on a support zone which is never a good thing to do then I didn't even have a candlestick formation for an entry nor did i have a counter trend line...
If USDCHF can break that counter trend line and close above .8987 then that would be a nice level to take a long position from.
GBPCAD entry position this morning price broke the daily support level then made a LL and came back to retest structure then and thats where I took my entry.
USDJPY entry Keep it simple and clean... looking for price to retest 138.726 tp zone
Price action and chart pattern trading setup: > An ending diagonal pattern with stochastic bullish divergence - possible rebound for wave 4 > Target SMA50 zone near upper elliott wave channel resistance - 0.382 retracement of wave 3 > Stoploss @ wave 3 lower channel support with RRR: 1.5:1 Indicator: > Stochatic RSI bullish divergence signal > MACD crossover...