USD.CAD - Textbook Multi-Timeframe Confluence
Currency Pair: USD.CAD
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Short
USD.CAD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Short
USD.CAD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment:
Price beginning to pullback, however it will be a number of hours before we know if it will provide a trade opportunity.
Comment:
This is a textbook trade opportunity that simply didn't provide an entry.
Once price entered the trade level it failed to provide any clear rejection until it was too late, a late entry would have meant an inverse risk reward.
Once price entered the trade level it failed to provide any clear rejection until it was too late, a late entry would have meant an inverse risk reward.