S1B – NZDCAD (3rd March)

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The reservations I have about this trade are that I went and went long as soon as the 4H candle closed, so I wasn’t waiting for a retracement on the 15M chart or anything like that.  I figured that via S1B I have already waited for a retracement on the 4H chart, so why should I wait for a further retracement on a lower timeframe?

The other reservation is that although the last two candles were bullish in nature – they did not, strictly technically speaking, constitute clear bullish PA confirmations.

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