SMC - BUY EURCAD
Conditions for setting up a Buy:
1. H4 and H1 trends are upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. According to SMC, the entry point is at the previous liquidity zone and right at the FVG area.
4. Located right on the upward trendline zone
Entry point:
- Place half of the order at a Limit of 1.48006, SL: 1.47760, TP: 1.48722
- The remaining half waits for a divergence signal or a reversal candlestick pattern at the Fib 0.5 - 0.618 zone on the M15 or M5 timeframe to Buy. SL and TP remain the same as the Limit order.
Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
1. H4 and H1 trends are upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. According to SMC, the entry point is at the previous liquidity zone and right at the FVG area.
4. Located right on the upward trendline zone
Entry point:
- Place half of the order at a Limit of 1.48006, SL: 1.47760, TP: 1.48722
- The remaining half waits for a divergence signal or a reversal candlestick pattern at the Fib 0.5 - 0.618 zone on the M15 or M5 timeframe to Buy. SL and TP remain the same as the Limit order.
Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
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