Timing_is_key

USDCAD 60 Test of Lower Parallel Trade

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
2
Hello all,

Today's idea has a few elements to it ( I suggest zooming out at some stage ) beginning with a time count projection of price revolving around a lower parallel test of the larger Andrews Pitchfork. The Entry was based on a 60% - 78% pullback from the initial test. Another interesting technique below is how I use a simple RSI as a leading indicator...

Let's see how this trade unfolds

Sincerely,

TIK
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.