CADJPY QUICK SCALP

Pair: CADJPY

Strategy: SLP ( Structure Liquidity and poi )

Steps;

I saw 1 hour ORDER BLOCK REACTION

I went to the 5 minutes timeframe to look for MSS

After the MSS I saw a single candle inducement

My POI (BREAKER BLOCK) came from my 3 minutes timeframe.

G
@godswillfx - 6 hours ago

We'll keep you updated on the trade.

What's do you think about this analysis.

L
@lawanf - 5 hours ago
Quoted - godswillfx

We'll keep you updated on the trade.

What's do you think about this analysis.

Well, I think you will eventually get filled in but SL has to be far away because it looks volatile

G
@godswillfx - 3 hours ago
Quoted - lawanf

Well, I think you will eventually get filled in but SL has to be far away because it looks volatile

JPY Pairs have lower spread on brokers compared to other exotic pairs like "CHF" pairs which have higher spread.

G
@godswillfx - 3 hours ago
Quoted - weilo_daniel

This market looks very volatile

We are using a 5 minutes timeframe and the least capital can be traded here.