AUD/CAD 1/26/2021 16:05 DAYTRADE
Fundamental/Sentimental
Cot: Hedge funds have such little correlation that it is pointless to even use this data.
News and Events: CPI
Technical
Time Frame Analysis:
Monthly: previous candles indicate accelarative increase in buyers
Shooting star candle, wick needs to be filled
Weekly:
Daily:
4H: Trend, upwards, has not retested support
Simply, instead of looking at every individual time frame, I instead just decided to order based on a level and a trend with the help of indication of buying and selling power.
Indicators: RSI Supports all
Entry
Order: 0.03, 5000USD
Position: Limit Sell at 0.98410
RR: 3.52
This is a day trade, not a swing trade. Testing different things right now as much as possible. Entering on the 1 hour rather than the 4
Fundamental/Sentimental
Cot: Hedge funds have such little correlation that it is pointless to even use this data.
News and Events: CPI
Technical
Time Frame Analysis:
Monthly: previous candles indicate accelarative increase in buyers
Shooting star candle, wick needs to be filled
Weekly:
Daily:
4H: Trend, upwards, has not retested support
Simply, instead of looking at every individual time frame, I instead just decided to order based on a level and a trend with the help of indication of buying and selling power.
Indicators: RSI Supports all
Entry
Order: 0.03, 5000USD
Position: Limit Sell at 0.98410
RR: 3.52
This is a day trade, not a swing trade. Testing different things right now as much as possible. Entering on the 1 hour rather than the 4