Similar idea on USD/CAD based on smaller time frames. I will be looking to short this as it is coming closer to this H4 sell zone. I don't have a setup here, so I will wait it to happen.
The sell area is quite big in this particular case, so once the price comes closer/inside the zone - be ready. If we don't get a decent signal from there, next sell area is from the daily chart which
I will post as an additional picture below.
The sell area is quite big in this particular case, so once the price comes closer/inside the zone - be ready. If we don't get a decent signal from there, next sell area is from the daily chart which
I will post as an additional picture below.
Comment:
This is the daily resistance in case this trade turns into a bigger time frame sell.
Trade active:
I am in.
Comment:
The first entry did not work. However, I managed to enter second time and grabbed 60 pips.