lmforex

back testing week 3-7 may

Education
FX:EURCAD   Euro / Canadian Dollar
1) Identify if you looking for a bearish or bullish market.

1A) Then identify why you think its bearish or bullish. At least 2 reasons.

2) Has price come for a pull back?

2A) if yes then idenify again if we are at a key level (trendline, EMA, S/R level) at least two.

3) enter trade with a R:R 1:3.

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1) Bearish.

1A) Hit trend line from 22/12, 29/01, 20/04. Also hit Resistance level from 02/03. Also hit 100 EMA on Daily TF. 3 Reasons.

2) Yes.

2A) Hit trend line from 20/04, 26/04, 04/05. Also hit Resistance level from 03/04. 2 Reasons.

3) TP of 70+ pips.
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