Forex Price Action Baby, No Technicals or Fundamentals...Trade #7 - Bought USD/CAD (2/25/19)
10,000 Ft View - 4 Hr Chart
Zooming In
What I like about the 4 hr demand zone is it's embedded within a daily demand in which buyers stepped in at the whole number of 1.3100 and prices rocketed to daily supply at 1.3360 before return to the origin of the strong move.
I really must give my trades more of an opportunity to work out, as I'm risking only 10 pips and could have easily been stopped out. However, on the flip side, it means that my Reward to Risk are extremely high...if I can withstand the many stop outs. I'm sure over time I will find that happy medium.
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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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