CadJpy long position analysis
As we're in a bullish trend so I'm waiting for price to come to this level and then go long.
Here is two setup, one with wider SL and another with smaller SL.
For a better trade I'll wait for more confirmation with a CHoCH in lower TF like 5min.
Lets see what will happen...
Good luck.
Here is two setup, one with wider SL and another with smaller SL.
For a better trade I'll wait for more confirmation with a CHoCH in lower TF like 5min.
Lets see what will happen...
Good luck.
Note
Unfortunately we didn't have a complete pull back to the area and it created consolidation. As it broke the structure to the up so I think this new area has its potential to set an order or waiting for CHoCH in lower TF. I set SL a little wider because of liquidity beneath that consolidation.lets see what will happen...
Good luck.
Trade active
I'm going to enter this trade as we reached to the area(screenshot above) and now we have a CHoCH in 5min TF.Please consider the risk management.
Good luck.
Trade closed: stop reached
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