Hi Tradingview community. I have a few pending orders on some Yen pairs as of today, and also USDCAD. They all follow a similar pattern - waiting for retests of broken structure on the H4 charts.
I don't typically wait for 'confirmation'. If the level looks valid, I'll stick an order in and then move on to looking for the next opportunity!
Safe trading!
Ryan
OANDA:GBPAUD
Nice daily level to pivot off here. H4 stoch overbought and showing divergence. Bollinger band pierced. Looking for a continuation of the previous thrust down. Can keep a very tight stop on this one - will quickly know if I'm wrong which is just how I like it!
Safe trading.
Papipips.
OANDA:USDCAD
Friday saw a reaction off the longer-term trendline. With significant resistance not far above, I'll be watching how price reacts and trade it accordingly next week.
OANDA:EURCAD
Good morning everyone,
I like keeping an eye on the monthly charts for signs of over-extension as they more often than not can signal significant long-term market turning points. The EURCAD is currently oversold on the stoch but isn't displaying what you might call a flush-out.
If you look back to previous instances (poorly drawn green circles),...
First bite at a NZD short. Despite year-end flows out of USD, this one looks like it's at a half-decent turning point. Previous supply zone, candle signal, OB stoch and bollinger band spike. Not giving the stop much room as it either turns here or grinds higher.
