USDCAD USING SLK

YESTERDAYS DAILY CANDLE REJECTED AND CLOSED AT A KEY LEVEL ON DAILY TIMEFRAME. THE REJECTION AND CLOSURE OF THE CANDLE SIGNALS A SELL.

ON THE 4HRS TIMEFRAME, WE HAD A BREAKOUT TO THE DOWNSIDE WHICH CONFIRMS THE BEARISHNESS ON THE DAILY TIMEFRAME. THE SELL IS RIPE. I AM WAITING FOR THE CURRENT 4HR CANDLE TO CLOSE AND GIVE ME A CONFIRMATION ON LOWER TIMEFRAME BEFORE EXECUTING MY TRADE.

A SELL SETUP.

This sell setup didnt work.

Ohhh, I even forgot that one. Market did its thing today. I’m off the market

Usdcad sell.

Looks like this SLK strategy only works on high time frames because you always execute trades on H4

Not really, I actually execute trade on 1hr or 30min but 4hr is a major timeframe for alignment of daily or weekly bias. I think it’s because the image i posted is the 4hr chart.

Was your SL hit? USD/CAD has been bullish for the last 4 hours.

Let Me check🤣

Stoploss Hit