EURCAD 100-EMA Pullback Strategy
STRATEGY: 100EMA Pullback Strategy
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition:
Area of Value (AOV): 83/100/120EMA : 1.46137 - 1.46065
Entry Trigger (1H): Inside Bar (Low volatility/good RRR)
Entry Price (EP): 1.45919
Stop Loss (SL): 1.46164
Take Profit (TP): 1.45183 (3R)
Analysis:
This is a continuation of the previously closed short position.
Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA.
Strong price rejection manifested rejecting the said EMAs.
OANDA:EURCAD
Note: This post is for my reference/journal purposes only. Trade at your own risk.
Focus Time Frame: 1H
Long Term Trend Time Frame: 1D/4H
Market Condition:
- Long Term: Ranging
- Short Term Downtrend
Area of Value (AOV): 83/100/120EMA : 1.46137 - 1.46065
Entry Trigger (1H): Inside Bar (Low volatility/good RRR)
Entry Price (EP): 1.45919
Stop Loss (SL): 1.46164
Take Profit (TP): 1.45183 (3R)
Analysis:
This is a continuation of the previously closed short position.
Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA.
Strong price rejection manifested rejecting the said EMAs.
OANDA:EURCAD
Note: This post is for my reference/journal purposes only. Trade at your own risk.
Dagangan aktif
Price moving on our direction. Currently at 1.25R
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.