my trade plan is to open a trade only on pivots point and this has a good RR lets see
Im waiting to see how this 1H candle will close But it's look like a great sell opportunity. This is my view
Price at pivot point good RR Pre market 8:24 am my local time
Looks like the Pivots is holding as a support and will have another leg down TP = next Pivot
I will wait till the end of this hour to see how the candle will be closed. there is 2 pivots line Weekly and Monthly that did not help as support.. price broke down and now testing it as a resistance (or you can call it support of down move) this is my 1H view
Bull flag to pivot Just following the trading plan
just following my trading plan sell / buy from pivots point good risk reward
My trading plan is to Buy or Sell only on Pivot Points (Weekly or Monthly) so now I'm waiting to see the price action on the retest
price got rejected from pivot level looks like a good RR snapshot:
This is my view on this pair. buy from pivot good RR lets see whats will happned
15m view from pivot sell on the retest with great RR
sell from pivot down trend 4H flag small risk
lets see if the pivot would hold, could be nice deal
I Will not place this trade because the time of the year.. and bank holiday but just sharing my view and how a setup should look like my trading rules / system is : buy / sell on pivot points (Weekly or Monthly) go with the Daily trend drill down to 4H and 1H view look for long wick bar or other Price Action signal also using chart pattern like : like Flag or...
the trade is not active yet..I'm looking for more confirmation maybe a bull flag to pivot but this is the corrent plan and 1H view
Good RR Usd cad daily trend is up And 1H is right on weekly pivot