A possible Long Scenario
Updated
As it's shown we have a possible QM setup at the lower extreme point. As always two types of entry could be taken into consideration.
Risky Trade : Enter upon, price reaching the entry level and set the SL and TP accordingly. This method is riskier because it might ignore the level and hit the SL.
Confirmed Trade: Upon reaching the entry level, Check the lower time frame like 1 or 5 and spot reversal ( CHOCH) to the upside.
Risky Trade : Enter upon, price reaching the entry level and set the SL and TP accordingly. This method is riskier because it might ignore the level and hit the SL.
Confirmed Trade: Upon reaching the entry level, Check the lower time frame like 1 or 5 and spot reversal ( CHOCH) to the upside.
Note
Order has been activatedNote
CAD News is hitting the market in 20 minNote
Trade went in our direction after hitting the SL Due to the important news
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