USD/CAD Shorts trade plan 25 July 2022
Structure:
- H4 downstrend
- D divergence playing effect and break of prev daily low
- W stochs crossed down showing support to overall bias
1. Div - m30 /m5/ m3 (3)
2. stoch cross downs - M45, H1, H2 (3)
3. MA bounces - H3/H4 (2)
Enter with pending stops below prev higher low (HL) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5 confluences to have the confidence to execute already, don't need to overthink it
- H4 downstrend
- D divergence playing effect and break of prev daily low
- W stochs crossed down showing support to overall bias
1. Div - m30 /m5/ m3 (3)
2. stoch cross downs - M45, H1, H2 (3)
3. MA bounces - H3/H4 (2)
Enter with pending stops below prev higher low (HL) to be safe and go for a simple 1:3 or 1:4.
Note to self: >= 5 confluences to have the confidence to execute already, don't need to overthink it
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