First off, interest rates just dropped a tremendous level and the Commitment Of Traders show a lessening of shorts, meaning they're about to long this pair. See the indicators in the original, or I've made them larger here.
The USDCAD had a weekly order block from December than it re-entered at the beginning of September.
Using the nearest Institutional level, 1.28000, outside order block and the nearest swing high, drawing a fib we actually could've caught the perfect entry at the 70.5% retracement for that September low.
But that move is gone and it's time for the next one. Fib from that low to the nearest high and it retraced back to the 70.5% fib level as well as a bullish order block was at that exact same spot to the left.
Best entry is now or at 1.31162 give it a 30-40 pip stop loss and aim for the old high or the nearest institutional level at 1.34000.
The USDCAD had a weekly order block from December than it re-entered at the beginning of September.
Using the nearest Institutional level, 1.28000, outside order block and the nearest swing high, drawing a fib we actually could've caught the perfect entry at the 70.5% retracement for that September low.
But that move is gone and it's time for the next one. Fib from that low to the nearest high and it retraced back to the 70.5% fib level as well as a bullish order block was at that exact same spot to the left.
Best entry is now or at 1.31162 give it a 30-40 pip stop loss and aim for the old high or the nearest institutional level at 1.34000.
交易進行
20+ pips so far. A pull back happening but partials were taken 交易進行
Two Targets Reached. Still have room for a third, and a fourth depending on how I want to dole out the profits.註釋
100 pips plus so far 註釋
60 for target 1, another 42 for target two. Set entry to 10 pips above break even.交易結束：達到停損點
Made decent gains. Will be looking for a new entry on this.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。