USDCAD broke and now is retesting a good S/R zone in which price bounced like 7+ times in the past 6-7 months.
Im selling here from 4H EMA and from this tight little zone formed from previous 4 touches. TP is the bottom of the leg, which gives plenty of room for the price to move
Im selling here from 4H EMA and from this tight little zone formed from previous 4 touches. TP is the bottom of the leg, which gives plenty of room for the price to move
Trade active
Here how it looks on daily :Note
Yeeep...market is hell of a slow, as expected... so UC is still at entry level. 😒Price might go a lil bit in drawdown before drops down, if it does.
Note
⚠️The price went into a drawdown, as I expected, but that doesn't mean the setup is screwed at all.This is how I'm seeing the chart right now :
Trade closed: stop reached
UC didn't rejected the zone and reached the SL
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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.