USDCAD scaling in opportunity
Hello everyone, I haven't posted the original signal about USDCAD but right now we get the opportunity to scale in on 1h timeframe. We can see we already have the first impulsive wave, followed by a pullback to the 50 EMA and we can look to catch the 2nd impulsive wave with pullback entry. My criteria will be the following: Nice bearish continuation candle on 1H and Sniper Criteria on at least 2 timeframes. Also 4H break and close below the 8 EMA, which is on side. Daily time frame has closed below the 8 EMA as well. There aren't gaps to worry about yet. You should be careful about the news events tomorrow, which affect the USD. Risk accordingly and trade safe! I would love critics and comments!
Propulsion Strategy, trend continuation USD/JPY Long
- Propulsion Strategy, trend continuation - Wait for P/A to show bullish rejection of important historical level on 5M, 15M - Major area of structural support/resistance - on the 15M now making a series of lower lows and higher highs (excluding volatility spike) so nearly there - 50% retracement zone - Good R:R The above is only a series of probabilities lining up for a possible trade. At the end of the day the market will do what it wants to do. Trade Idea to be taken on demo only Don't follow blindly, do your own analysis Good Luck! Entry 108.950 SL 108.200 TP 111.500
USDCHF Naked 4H Engulfer
USDCHF 4H engulfing candle bouncing off the daily support level of 0.9190
trade what you see not what you think .... just risk accordingly!
well well well... 5 min BCR of upper limit as listed 20 minutes ago! (I was sort of hoping this didn't happen) 🤣 however ive got to trade what I see not what I think .. due to the trade idea I have gone down to 5 min 15 min and 1hr triple time frame confirmation sniper system all BCRS completed 0.5% risk allocation GL!
USDCAD scaling in opportunity
Propulsion Strategy, trend continuation USD/JPY Long
USDCHF Naked 4H Engulfer
trade what you see not what you think .... just risk accordingly!
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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