USDCAD Support and Resistance Trading Strategy

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STRATEGY: Support & Resistance Trading Strategy

DETAILS
Analysis TF: 4H/1D
Focus TF: 1H
SL: Just above Bearish Engulfing (0.5ATRC on 1H TF)
AOV: Resistance Zone


1D Analysis
MC: Sideways - Price bouncing inside Horizontal Support and Resistance




4H Analysis
Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a high momentum candlestick)





1H Analysis
ET: Bearish Engulfing - Confirmed Bearish Engulfing occurred on 1H TF.
Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF




Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF



Note: This post is my personal journal/opinion only. Please trade at your own risk.

#ExcellentTrade #BearishEngulfing #SupportandResistance #MovingAverage

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تم فتح الصفقة

Price moving almost like as we forecast.

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أغلقت الصفقة: تم الوصول للهدف

CLOSING:

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