Fakeout Play On NZDCAD at 0.911

Dec 21, 2020

• Standard fakeout trade opportunity.
  
• Price briefly crosses above the 0.9110 level and fails to hold above.
  
• After seeing price fail to close higher for one 4-hour session, good timing to optimize entry.
  

[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]