40pips
USDCAD Short - Golden Zone Hey guys, here with another simple one!
Expecting price to retrace into the golden zone within 50% of the Fibonacci.
1. Sell limit order when in Golden Zone, sell is supported by previous support turned resistance.
2. T/P on the 40pip mark to the downside
Thank you!
Happy Trading
V
Notes--> RSI has enough steam to get into the golden zone at any given moment, CMF indicating money flow towards the upside to trigger sell order.
Double Top UJ | R/R 4.15 | MASSIVE 40 pip profitsOn significant resistance level - FX:USDJPY 40 pips in 4.5 hours
Doji and a following Bearish hanging man - could have entered here, little riskier but better RR
Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going
at either entry point, very little draw down . much easier to trade with less draw down :)
M double top (easier to see with the zigzag)
NY DROP for 40 pips
Risk Reward very nice taking it down to the next major zone
No fancy indicators, just price action and market structure