TRADE, USDCAD, 8.9.2016
TRADE SUMMARY: ex demand zone hit, with ignition of the fake range breakout on h1
iterating towards truth
TRADE SUMMARY: ex demand zone hit, with ignition of the fake range breakout on h1
TRADE SUMMARY: looking for tired pa after initial SPIKE into first supply zone. Play with weak high, taken away. Vol and range was tight after spike, that was not a problem, but supply zone imo weak for this type of energy.
TRADE SUMMARY: after a runner back into mid-range, gold looked tired (three cons up days with decent size and volume). The idea was that the pair needs a breathing time to get back at least 50back. I was looking for initial short on first range created.
TRADE SUMMARY: nice reaction with spike convinced me that this supply zone is worth trying. It wasnt. Definitely a B play taken with A size risk.
TRADE SUMMARY: pair had a a beautiful ignition just at the area of previous demand. This presented an opportunity of confluence that could not be turned down.
TRADE SUMMARY: market presented the opportunity. I have identified a potential fade at the green line, but did not place order due to other correlated plays. The target was not pre-set so hard to give an opinion about exit now seeing the move.
TRADE SUMMARY: USDCAD presented a good SUPPLY ZONE with deep pocket and POC at 3090's. With first D1 wick candle and then second, it was a good candidate to look for short.
TRADE SUMMARY: AUDJPY pair was getting to a zone of previous resistance. 78.22 was a POC of previous supply. Unfortunately the slow action killed this entry.
TRADE SUMMARY: very decent DZ, near extreme, nice push up. Reasonable retrace in time. Unfortunately market wanted to explore little bit more lower. So loss for me. Good trade.
TRADE SUMMARY: strong post BREXIT drop, caused market range and slowly retrace. On a swing retrace, held ENTRY at SZ, targeting lower areas of previous Support. Retrace came and then headed towards the target.