Pair Name : EURCAD
Time Frame : 4HR
Scale Type : Large
Price has broken structure to the downside and also has had a change in character on the 4hr and has started to shift on the lower time frames such as the 1 min and 3 min and is now trading at a 4hr RESISTANCE area while taking out the previous days high (false break above a high )and is now consolidating in a Order block
Reason for trade
Asian range Liquidity taken
Imbalance to be filled
Price is in a 4hr order block
Price trading at 4hr resistance & has had a false break above, the previous Day high
price has made a significant retracement into the 61.80 area ON SMALLER TIME FRAMES
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!
Time Frame : 4HR
Scale Type : Large
Price has broken structure to the downside and also has had a change in character on the 4hr and has started to shift on the lower time frames such as the 1 min and 3 min and is now trading at a 4hr RESISTANCE area while taking out the previous days high (false break above a high )and is now consolidating in a Order block
Reason for trade
Asian range Liquidity taken
Imbalance to be filled
Price is in a 4hr order block
Price trading at 4hr resistance & has had a false break above, the previous Day high
price has made a significant retracement into the 61.80 area ON SMALLER TIME FRAMES
Don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!
Trade closed: stop reached