4 hour TF trading

Hello guys. :smiley:
Starting from next Monday, I will be posting my trades here.
I look across 8 currency pairs.
USDCHF, USDCAD, EURJPY, USDJPY, EURUSD, GBPUSD, NZDUSD, and AUDUSD.
I base my entry on 4 hour time frame and I also use daily and weekly time frames to identify the market structure.
My purpose of opening this journal is to learn to pick the best setups, and to avoid over trading.
I will be trading less than 10 positions per week.
Finally, I use Price Action, Trend lines, Fibonacci retracements, and Candlesticks when entering a trade. :wink:
Thank you.

Okay, so here is my first trade of the week.
USDCAD 4 hour. Price is showing signs of going down around fibonacci 61.8% level.
SHORT order SL 25 pips, TP 50 pips.


Do you also look at COT data. If so you might like this trade even
more. Were it not my very busy time at work, I’d be looking to go long on CAD (short $/c) as well. Only thing different I’d do is have a larger SL, and scale out at TP so I let profit run a bit. Rooting for you…