Possible ending diagonal setting up to give a nice entry

Hi Traders I haven't been on here much recently but the intention is to get back into the habit of sharing some of my ideas with you all. In this video I show you the importance of ending diagonals and how they give us high probability set ups. Here we look at the CADCHF pair and I explain why I'm keeping a close eye on it.
I'll update this idea as it develops
Remember this ideas are always IF/Then scenarios - IF what we forecast actually happens THEN we look t enter a trade. IF the forecast doesn't happen THEN we do nothing.
This is not investment advice
Steve Nixon
Trainer & Mentor @ logicfxtrading

評論:

This sudden push up is the reason I said not to jump in but rather wait for price to show us the top by receding and giving us a short set up

評論:

This could be a short entry set up

評論:

This is the CADCHF and not AUDCHF - The break yesterday retraced but not back to the top so you should still be in this or you should have taken a zero. I'm out for zero but I'm still looking for it to drop. I have an order for any drop below the present structure with a stop above the high.

評論:

Price has push further north on this pair since I published the idea but it doesn't change the analysis just the timing of the entry. We are still waiting for a break down of this.