USDCAD Shorts based on:
- H4 support turned resistance and H4 Stoch cross-down
- 2 Daily candle wicks in the region.
- clean zone on the M30 structure with many candles rejecting the region.
- M5 Structure turned bearish
Pending Sell Stops below H1 lows on a bearish structure. Alignment of momentum on various timeframes between H4 down to m30. Worthy of a trade down south this pair imo. NFA.
UF Daily broke below support and a potential resistance has formed. H4 Structure has just broken to become bearish. Daily Stochastics tipped downwards. If candles can close below orange zone, we are likely to head down and test the previous low 0.8829 in the coming days.
That being said, USDCHF currently lies in its 0.9000 significant liq zone where volatility...
Price above MAs on multiple key timeframes. Structure is overall bullish across most timeframes especially the smaller ones.
Stochs for h2 and under align, weekly and daily in the right direction (h4 with the counter stoch)
Divergence on M15 timeframe.
Total RRR: 3.81
GJ shorts due to:
1) market structure is macro bearish
2) price was off a significant liquidity zone
3) daily stochs crossed down + entry on h2/h1/m45 and under stochs alignment
Structure:
- H4 downstrend
- D divergence playing effect and break of prev daily low
- W stochs crossed down showing support to overall bias
1. Div - m30 /m5/ m3 (3)
2. stoch cross downs - M45, H1, H2 (3)
3. MA bounces - H3/H4 (2)
Enter with pending stops below prev higher low (HL) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5 confluences to have...
Structure:
- H4 uptrend
- D candles broke all previous highs and showing momentum
- W stochs crossed up to show support to buy set ups along the way
1. Div - m3/m5 (2)
2. stoch cross ups - M45, H1, H2 (3)
3. MA bounces - M15, M30, H2 (3)
Enter with pending stops above prev lower high (LH) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5...
