CADCHF has formed a clean triple top and printed a strong engulfing candle to the downside. Momentum is also aligned, pushing downward with clear divergence, which increases the probability of a reversal.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.