Hello traders, if you like the idea, do not forget to support with a like and follow.
Today we are monitoring AUDCAD for a long position. It is sitting around a strong support area .
on 1HR: AUDCAD formed a three bar reversal price action in a support level which enables us to execute a long trade.
Trade call:
Long AUDCAD with risk of 2% of capital.
Price of...
Hello traders, if you like the idea, do not forget to support with a like and follow.
Today we are monitoring EURJPY for a long position. It is sitting around a strong support area.
on 1HR: EURJPY formed two consecutive pin bars price action which enables us to execute a long trade.
Trade call:
Long EURJPY with risk of 2% of capital.
Price of execution:...
Enter sell position with risk of 2% of portfolio.
1st target set at @ 1.43575
2nd target set at @ 1.41683
Set stop loss above the resistance area, close position in loss if a confirmation candle closed above the resistance in the hourly time frame.
*Confirmation Candle: happens when the candle is > 50% of the complete shape (wicks and candle)
Good luck.
