W1 TELLS US THAT THE BULLS ARE STRONG.
SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A .
I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE
FOLLOWED BY H4 CLOSING BACK INSIDE THE
THIS SIGNIFIES BEAR TRAP AND WILL HELP INTENSIFY BULLS
THIS IS NOT A "PUT A BUY ORDER BELOW THE INSIDE BAR" TRADE.
THIS IS AN "OBSERVE TO SEE IF BEAR TRAP IS FORMED" TRADE.
THIS IS A GOOD 3 BAR FAKEY SETUP THAT I PERSONALLY HOLD A HIGH REGARD FOR.
There are many ways to enter USDCAD long and i personally find this the most promising one since an is formed.
IF price breaks and close below the mother bar today. Then this trade entry is invalidated. We have to look for price action rejection pattern at 1.2000. Best case scenario and best RR.