PriceActionTrading
Long

USDCAD INSIDE BAR LOOKOUT

FX:USDCAD   U.S. Dollar / Canadian Dollar
510 39 19
UPDATE : STOPPED OUT. I AM NOT TRADING THIS IDEA ANYMORE. BUT WONDERFUL PIN BAR FORMED ON H4 D1. WORTHY OF TRADING.

W1 TELLS US THAT THE BULLS ARE STRONG.
SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A GOOD RISK REWARD .
I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE INSIDE BAR
FOLLOWED BY H4 CLOSING BACK INSIDE THE INSIDE BAR
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 INSIDE 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 inside bar 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.
If only i know a way to send notification to my followers informing them of trendlines broken, watch this or stuff. Instead of having to types comments or post an idea just for a comment. That would be great.
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IvanLabrie PRO PriceActionTrading
Trendline breach/touch can be auto notified by tradingview via email or sms.
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Casey_Yeo IvanLabrie
i think he is referring to notifying his own followers of those events.
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Yes indeed. If only there was something i could learn / pick up. Quite tiring to post new comments which will be posted to the bottom of the page. Would be better if latest comments are on top rather than below im just saying.
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Casey_Yeo PriceActionTrading
does it work if you just edit your original post? do people get notified?
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Hey price action, now we are seeing a triple bottom, this could turn out to be a good opportunity. Let's wait and see :)
+1 Reply
Haha. It is if we could get in at great RR. right now trade is good but entry isnt.
+1 Reply
moneymaking PriceActionTrading
Ya, that's right :)
+1 Reply
CAD WEAKNESS SEEN ACROSS ALL CAD PAIRS.
H4 USDCAD BUY ON RETEST
snapshot
+1 Reply
Hey price action, I believe we have a double bottom formed and we could also get the 2618 trade setup. Nice opportunities to get long again with small risk :)
+1 Reply
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