Smcconcepts
USD/CAD valid bearish order block i found Bearish OB on 15m time frame also with CH with
with valid order block
entry 1.37502
(Enter on LTF 5 or 1 min time frame)
SL : 1.37656
TP : 1.37257
Note: Do Your own analysis before entering trade & im not professional
, if you are not sure about this analysis dont trade at all
be Decipline trader
EURUSD SHORT OPPORTUNITY EURUSD has been trading in bearish sentiment, major tfs like 4H and 15m are trading bearish it has created a CHoCH on higher tf, in 15m as you can price we’re building liquidity, once tapped out on 15m extreme ob it can give good fall from above zone target should be weak low.
Journal for 22 of dec 2022Asian had a bit more volume than usual, Asian high cleared the previous daily high that was just creating more liquidity, my main entry for the over sell was after Tuesday got cleared, nd there was a break of structure, and we had demand failures, but I was able to take risk sell just above the clear if Asian high, I will say that not advisable because London sessions has not open but Asian high was cleared, it would be better if you wait for London open and watch out for Tuesday high that was not cleared.
journal for 21 of dec 2022Eu has been ranging for the past days, with that on my mind, I knew every trade I catch as an intraday is retracement, took my first entry after a break of structure but that was liquidity, I did not notice that from the beginning if I do would have placed my entry above the liquidity and used a 5 pips stop, that would have been my trade for the first entry if I had seen that liquidity on time. Second entry was the wick that cleared liquidity last entry was just above liquidity
EURUSD Observation: -
In the chart, we can see recent low is broken. so, it is the change of character on 1HR chart.
Probability: -
We can think that there's probability of the price is going to meet its 4-hour POI. so, we can enter in the short position after touching poi of 1hr in 5 min chart with change of character with the target of 1.05640 and we can set target for partial profit booking to its recent low (which is made after the Choch in 1 hr chart).
Need help: -
suggest a good broker to trade forex in India.
Thanks!!!