H4 - USDCAD, is it market down upon catalyst or pump then dump?
A potential Bearish APF for a short/sell trade opportunity with an upcoming catalyst that could (maybe) affect the Canadian Dollars and US Dollars currency later. Will there be an opportunity to short/sell right here? We will see later as this may take a while and not even the catalyst could possibly hit our set SL or TP right away.
Check our latest trade idea on the EURUSD (see link below) which is somehow correlated to this Market. Only choose one between the two. Do not go short and long on the other one as they are inversely correlated. Caveat.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Check our latest trade idea on the EURUSD (see link below) which is somehow correlated to this Market. Only choose one between the two. Do not go short and long on the other one as they are inversely correlated. Caveat.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
Comment:
We got a valid setup plus a bearish TL CRT on the H1 TF.
