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Bearsih QM

by Stephan W, March 9, 2021

CAD/JPY M15 Order Flow

by Stephan Westendorf March 9, 2021

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CAD/JPY

|

Short

|

M15

Timeframe:

M15

Analysis Method:

Order Flow

Analysis:

CAD/JPY at its very High. My Bias on CAD is very short, so im only looking for shorts in above rectangle, where a bearish order block i waiting. As well we broke market structure, which can be a sign of weakness.
Look as well for other pairs if you like to trade Quasimodo patterns, at the moment there are a lot of them out there.
I just dont trade two very strong correlated pairs in the same direction.

Trade Plan:

Enter at Order block, trail SL

Risk Management:

0.4% Acc

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  1. Theres a simulated limit order now. You can see the SL. I didnt set an order on my real account yet. I will see how price will develop.

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