10th March – S3 trades on CAD (x4) @ 11am

On close of the 11am candles, identified four valid S3 setups.  All of these related to the Canadian currency.  Went ahead and risked 0.5R on each of the four positions after the close of the first 15M candle.  Long CADCHF and CADJPY, short EURCAD and USDCAD.

Will provide chart shots later in the day.

Also considered a S3S on EURAUD but passed on it.  Although the 11am candle was a bearish engulfing candle, it only had a short tail to the upside, and also had a tail to the downside.  Ideally I would have liked to say a longer wick on the upside and no wick on the downside.

As promised, here are the charts for all of the CAD S3 trades:

cadjpy 15m cadjpy 4h eurcad 15m eurcad 4h usdcad 15m usdcad 4h cadchf 15m cadchf 4h

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