Closed the NZDCAD +149
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Disliked{quote} well alrighty than fellow trader. let the understanding begin...... ghbhr? care to comment?Ignored
DislikedGhbdr. Would you mind posting some of your entries a few more times for the slower learner's (me) . I noticed that you were already short on audusd. When you anounced your take profit a few days ago. Or I could have missed it if you did.Ignored
Dislikedlong on GBPCAD aiming for TP 1.5R ... at least 1R I just noticed ... this is more like a bounce from a previous s/r level Not a break of s/r and pulling back to it @ghbdr could you please comment on the validity of this entry? {image}Ignored
Disliked{quote} Its a risky one yes. I prefer the break and retest setup. Also notice that a reversal short formation on W1 is completed so look for shorts. The long is not an option with this scenarioIgnored
Disliked{quote} thank you for your comment. I shall watch out for that in future. break and retest seems to offer a higher probability for profit the reversal short formation on W1 you mention, do you refer here to the lower high?Ignored
Disliked@ghbdr thank you for clarifying I have spotted this one on NZDUSD. on daily chart price retests s/r with a 123 candle formation with elastic stochastic on 4h chart there is a slight hidden divergence on weekly and monthly charts lower lows and lower highs what bothers me a bit is the huge second candle. what do you think a bout this? would you say this is still a valuable short setup? {image} {image}Ignored
Disliked{quote} For me its not a valid set Up. It looks like a bull reversal pattern. Candle 1 look like candle 2 in the bull setup. Also candle 3 has a small rejection indicating bull pressure. doesntt look good to meIgnored