- Price broke its strong support level at 1.29270 - The Hourly closed below then came up to retest - Shorts were taken on this live retest with a 20 pip stop (15 for highest price entry) and 20 pip TP's - Runner's TP to fill daily wick, SL moved to breakeven when other entries TP's are hit - Runner's SL will be trailed was price moves
Today's one & only scalp - Price broke above H1 & H4 resistance - The H1 printed a new high, then came down to retest but first of all made a new Lower-high, then closed back within the range - Short positions were taken upon retest of the resistance level with a 15 pips SL & TP - TP got hit the following hour candle
- Heavy price movement up, which broke & closed above H4 resistance - Entry long on the retest of this key level - 20 pip stop below this resistance turned support level - 1:1 RR for most positions with 2 extended TP's at higher timeframe resistance levels - Stops will be adjusted if price moves up
- Price closed Below H1 resistance - Entered live on retest post-News - Stops above last H1 wick - TP at 1:1 & H4 Support
- Price broke and closed above H4 resistance on the H1 and H4 time frames. - We'll now look for a retest of this level for liquidity to push to the fill the hourly range up to 1.66700 level
- Price broke & closed above H1 resistance. - Retest taken as it happened on the following candle. - 4 Entries, 3 with 1:1 RR, with 1 runner up to the next major H1 resistance level. - If first 3 TP's hit, then stop on the runner will be moved to breakeven
- Price broke & closed above H4 resistance on the 4-hour chart - Entered on the live retest of this resistance turned support level (albeit a bit late) - Stop below support at 20 pips, TP1 is 20 pips TP2 is H4 resistance then TP3 is extended to fill a large part of wick of a previous h4 candle up to 1.72000
- Price broke & closed below (just about) H4 support - Looking to continue downwards to the next h4 support level
- Price made a resistance level which it failed to break & close above for many hours. - Price did eventually smash through this strong resistance and touch daily resistance, before falling back on the weekly close. - What I expect to happen now is a retest of this previous resistance level to grab liquidity to retest the highs at daily resistance. - A long at new...
- Price made a resistance level which it promptly broke. - We since made a Higher-high which upon retrace failed to reach and made in my view a new Lower-high to start a decline. - If price can break the support zone shown, retest & close below, I can see price falling back to previous support
- We had a breakout to the downside on the consolidation box which can be seen on both the hourly and 4-hourly charts. - Momentum overall is down with CAD showing some strength over the last few days. - Ideally, we'd like to see a retest of this consolidation box to see the next leg of the downfall, to give a very nice risk/reward ratio