Live USDCAD 5/24/19 6:00 am
Updated
- Last daily candle was bullish with a top wick, Closed under daily exhaustion zone
- H4 structure consolidating forming a LH just under monthly resistance, showing top wick like a middle finger
- H1 did not break structure to downside valid yet, doji break, forming H1 TL
- valid m15 BOS to downside, waiting for valid entry, right around H1 TL
Confluence Monthly Key level, H1 Trendline, 78.6 PRZ
Risk: Low under 10 pips
Trade closed manually
Entered lower around 1.3445 based on m15 bearish variation. Held till market close. 20 pip drawdown. Should have entered once I saw H1 BOS to downside and entered on m15 candle. Would have had less than 5 pip drawdown. Was confused on this entry because m15 or m30 did not retrace enough prior to this post. Should be more patient next time.Note
Jumped the gun, not patient for 38.2 retrace.Note
Not a valid Daily candle for me
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