Here's a trade

I'm taking on paper (a fake trade) where I won't make any real money but shows my process for identifying a trade and how I get into it.

Step #1

The 1st thing is I find an asset that is over-bought or over-sold on the daily time frame based on the oscillator I like to use- a stochastic oscillator. In my example, I found the USCAD pair in an oversold state 2 days ago.

Step #2

Dig down into the lower time frames (tf) and highlight levels, order blocks, or other other items of confluence that indicate a buy scenario. In this case there were a juicy order block on the 8hr tf . As you can see price dipped right into it on the day I was looking to take a trade (highlighted in green).

Step #2...continued

On the 15min tf you can see the candle that dipped into the order block. That would've been the candle to get in on. I couldn't be at the computer when it happened so I got in when I could...

Step #4...Wait

So its been 2 days since I place the trade and as you can see there was some time where the position was negative but has since gone positive. You can see where my target is..

So far so good....