Live USDCAD 5/24/19 6:00 am

• Last daily candle was bullish with a top wick, Closed under daily exhaustion zone
  
• H4 structure consolidating forming a LH just under monthly resistance, showing top wick like a middle finger
  
• H1 did not break structure to downside valid yet, doji break, forming H1 TL
  
• valid m15 BOS to downside, waiting for valid entry, right around H1 TL
  Confluence Monthly Key level, H1 Trendline, 78.6 PRZ
  Risk: Low under 10 pips
  

Trade fermée manuellement:

Entered lower around 1.3445 based on m15 bearish variation. Held till market close. 20 pip drawdown. Should have entered once I saw H1 BOS to downside and entered on m15 candle. Would have had less than 5 pip drawdown. Was confused on this entry because m15 or m30 did not retrace enough prior to this post. Should be more patient next time.

Commentaire:

Jumped the gun, not patient for 38.2 retrace.

Commentaire:

Not a valid Daily candle for me