What's going on money makers!
Im been grateful to have over a dozen mentors that have helped me understand these markets and im still a student of these markets to this day and am committed to always learn. With that being said, drop the love and the constructive criticism in the comments below and lets do this!
To get started, understand I don't trade on the weekly time frame, nor daily, but what I do trade is multiple time frame confluence.
Utilizing a top down analysis method, I started at the weekly to identify trends and then moving onto smaller time frames to conduct multiple time frame analysis, what youre looking for is the market leading up to the same thing on multiple fronts, the weekly, daily, 4 hour, and hour with 15 min time frame entries to maximize profit while keeping a tight stop loss and precise entries.
Doing so we have noticed a few things about NZD/CAD:
1) Weekly time frame shows clear bearish sentiment with a clear and visible down trend ( LH,LL)
2) Daily time frames show a strong bullish push with zero retracement (retracement bound to happen)
3) Hourly time frame is showing also a downtrend, we have placed trendiness on the top and bottom, creating a wedge type pattern awaiting a bearish breakout and retest before confirming with real-time harmonic wave convergence indicator known as FAST.
Because of this we are also twin or some times tri-trading our positions with multiple take profits set, all of which are always a 3:1 minimum risk to reward. I never risk more than 2% of my account on ANY single trade.
I have marked up more within the 1hr and 15min chart for precise entries and will also being using the We will plan on entertaining this trade if and ONLY IF there are multiple confirmations such as break of structure, retest, FAST indicator.
The weekly is marked up so you don't miss out on the overall move, we have been catching this falling for over 2 days now.
Much love and prosperous trading!
Follow on the gram: www.instagram.com/awalempr
Join my telegram for consistent markups and analysis: t.me/mxmtrading
Im been grateful to have over a dozen mentors that have helped me understand these markets and im still a student of these markets to this day and am committed to always learn. With that being said, drop the love and the constructive criticism in the comments below and lets do this!
To get started, understand I don't trade on the weekly time frame, nor daily, but what I do trade is multiple time frame confluence.
Utilizing a top down analysis method, I started at the weekly to identify trends and then moving onto smaller time frames to conduct multiple time frame analysis, what youre looking for is the market leading up to the same thing on multiple fronts, the weekly, daily, 4 hour, and hour with 15 min time frame entries to maximize profit while keeping a tight stop loss and precise entries.
Doing so we have noticed a few things about NZD/CAD:
1) Weekly time frame shows clear bearish sentiment with a clear and visible down trend ( LH,LL)
2) Daily time frames show a strong bullish push with zero retracement (retracement bound to happen)
3) Hourly time frame is showing also a downtrend, we have placed trendiness on the top and bottom, creating a wedge type pattern awaiting a bearish breakout and retest before confirming with real-time harmonic wave convergence indicator known as FAST.
Because of this we are also twin or some times tri-trading our positions with multiple take profits set, all of which are always a 3:1 minimum risk to reward. I never risk more than 2% of my account on ANY single trade.
I have marked up more within the 1hr and 15min chart for precise entries and will also being using the We will plan on entertaining this trade if and ONLY IF there are multiple confirmations such as break of structure, retest, FAST indicator.
The weekly is marked up so you don't miss out on the overall move, we have been catching this falling for over 2 days now.
Much love and prosperous trading!
Follow on the gram: www.instagram.com/awalempr
Join my telegram for consistent markups and analysis: t.me/mxmtrading
Comment:
1HR CHART: Fibs and triangles trading breakout of both the structure and lower support
Comment:
15 MIN
Comment:
*UPDATE*
Position has been entered and in profit with trailing stop loss, we will attempt to ride this thing all the way down but if it stops us out in profit, we will reenter with a better entry
*UPDATE*
Position has been entered and in profit with trailing stop loss, we will attempt to ride this thing all the way down but if it stops us out in profit, we will reenter with a better entry
4HR VISUAL