Niverto
Short

Major DAILY STRUCTURE for a SHORT opportunity - How to enter ?

FX:USDCAD   U.S. Dollar/Canadian Dollar
162 0 4
Nice area o watch for a short opportunity. The price is approaching the Daily supply zone (Major structure), the strong momentum to the upside is giving us some clues on the area acting like a magnet (zone of high liquidity). The RSI is already in its extended area.

1 - The agressive way to enter this trade is to short on a limit order in the purple box.
2 – Wait for a confirmation on lower timeframe (1H-15Min) once the price enter the supply zone (Big red box) to find a reason for entry :
-double top with RSI extended/Divergence –
- Breakout strategy (Flag, pennant…)
- Advanced pattern ( Cypher , Bat, Gartley )

Good luck and happy trading

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out