Forex

Forex Price Action Baby, No Technicals or Fundamentals…Trade #9 – Sold EUR/CAD (3/6/19)

10,000 Ft View – 4 Hr Chart

Zooming In

There are a couple of things I like about this trade set-up. The 4 hr supply zone at 1.52000 is nestled between two daily supply zones. A zone on zone is called a level on level and very powerful the higher the time frame. The other thing I like about the set-up was the price arrival…very fast which is actually an odds enhancer.

However, I was stopped out of the trade several hours later by one tick. This is starting to become a common theme. I will considering using 2% of the daily ATR as stop loss buffer in the future.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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