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.
Transaction en cours
Price moving on our direction. Currently at 1.25R
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.