A sell on CADCHF at the high

H4: Pointing Upwards (H1 is overbought)
D1: Up (H4 is overbought)

Moving Average:

Against Daily MA
H4 pointing upwards

Pattern:

M30 AB=CD

Strong resistance at 0.6490 - 0.6510

30 pip stop loss.
60 pip target

Why are we taking this?

1) H4 and H1 is overbought
2) Strong structure
3) Yesterday's high
4) Lots of divergence

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

ความคิดเห็น:

There were a few lessons here:

1) First we cannot hold the trade for more than 12 hours from the time EUR market opens.

2) This only applies if there is a M15 pattern

3) If there is no movement, close the trade and take a small profit or loss

4) Try not to trade during APAC morning unless there is an AUD, NZD news event.