STRATEGY: 100EMA Pullback Strategy Focus Time Frame: 1H Long Term Trend Time Frame: 1D/4H
Market Condition:
Long Term: Ranging
Short Term Downtrend
Area of Value (AOV): 83/100/120EMA : 1.46137 - 1.46065 Entry Trigger (1H): Inside Bar (Low volatility/good RRR)
Entry Price (EP): 1.45919 Stop Loss (SL): 1.46164 Take Profit (TP): 1.45183 (3R)
Analysis: This is a continuation of the previously closed short position.
Major Market Condition is ranging, but short term market condition appears as downtrend. Currently, the price break above/faked out of 50EMA and found resistance at 83/100/120 EMAs. To put simple, price made a pullback at 83/100/120 EMA.
Strong price rejection manifested rejecting the said EMAs.
OANDA:EURCAD
Note: This post is for my reference/journal purposes only. Trade at your own risk.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.