PriceActionTrading

USDCAD PATTERNS AT PLAY HERE

FX:USDCAD   U.S. Dollar/Canadian Dollar
122 3 7
IM LOOKING TO SELL THERE, NOT LOOKING TO BUY NOW.
TRADING THE PATTERN COMPLETION HAS HIGHER PROBABILITY RATE THAN TRADING THE CD LEG IMO             .

EITHER WAY, IM NOT MAKING ANY TRADES NOW.
JUST AN OUTLOOK.

D1
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IF PRICE DIPS LOWER I AM LOOKING TO BUY HERE
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UPDATE 1 : PRICE REJECTED ON D1 WITH DAILY PIN BAR @ 61.8%.
PERSONALLY I DO NOT FEEL LIKE TAKING ON THIS TRADE AS I CANNOT FIND FURTHER CONFLUENCE ON IT, AS KEY TREND IS BEARISH IMO.
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Reply
Hey price action, interesting patterns. Definitely looking only for shorting opportunities. Looking forward towards further updates on this pair. Thank you for sharing and Good Luck :)
+1 Reply
Yes there will be updates when it nears there. But first it has to break the strong resistance trendline. Needless to say, it is going to be one hell of a battle there.
+1 Reply
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