Tok_Kripto

Short Position on USDCAD

Short
Tok_Kripto Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

This Idea is related to below link, while waiting the swing setup to be trigger.


I detailed for Multi TF analysis, and this is my opinion for intraday setup.

My prediction on H4 will break the support area(fakeout) for order pickup at the bottom side (H4) demand/ support before continue to break fakeout weekly. This is the chances for us to take long position and swing for a long term before trigger setup at higher TF.

If we zoom to H1 and M30 chart, we have 1 Resistance zone untouched(fresh) so from there I looking for a short position and ride the market according to the structure. I did mentioned no entry at current price QM which possible to break before take the order at Resistance zone. Just basic concept SELL at Resistance!!!!

If freak out on that zone, just be patient and wait for Price Action to create a reversal pattern.

Trade At Your Own Risk.

Good Luck.

Yato.
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