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EURCAD PERFECT FALSE BREAK TRAP RIGHT INTO 4H SUPPLY -
Euro / Canadian Dollar
Short
EURCAD PERFECT FALSE BREAK TRAP RIGHT INTO 4H SUPPLY -
By WINSTON2016
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Updated
Dec 4, 2020
1
Cheer
Cheer
Dec 4, 2020
PLEASE IGNORE CHARTS ON THE RIGHT
IF YOUR LOOKING FOR A PICTURE PERFECT PRE SET UP
THIS IS IT
THE KEY INGREDIENTS
1ST PART OF THE SETUP
1 4H SUPPLY
2 STANDOUT SWING HIGH
3 BREAKOUT BUYERS - WHO HAVE NO CLUE OF SUPPLY-DEMAND
2ND PART
1 BEAUTIFUL REACTION AT 4H SUPPLY PINPOINT PERFECT SUPPRESSION OF MOVE UP RIGHT AT THE EDGE OF SUPPLY
2 STRONG BREAK OF SWING HIGH LEVEL
LOOKING FOR A RETRACE TO SWING LEVEL
A FEW CAVEATS TO THIS SETUP, MAIN ONE - WE DONT HAVE THE TREND WITH THE TRADE
I WILL BE WATCHING FOR REACTION AT THE LEVEL - IF I DONT SEE IT I WILL LEAVE THE TRADE , IT IS FRIDAY ANOTHER MINUS POINT
THERE ARE A FEW WAYS TO GET INTO THIS TRADE ON LOWER TIME FRAMES - PM ME IF YOU WOULD LIKE PA LESSONS
Dec 4, 2020
Comment
PLEASE IGNORE CHARTS ON THE RIGHT
Chart Patterns
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