2618 technique - double top - measure bearish impulse - wait for retracement at 0.618 and sell - TP at -0.27 (previous support) Double Top + 0.618 = 2618
I drew some bars showing what I expect price to do. Good Trading.
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Flag was formed at 0.618 for bearish continuation. Good Trading. -15min Chart
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USDCAD reacted over CAD news -BOC Rate Statement -Overnight Rate
I expect price to respect analysis Good Trading. -15min Chart
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1h Chart Structure
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Price made retest at previous resistancce (double top) and is now bearish Good Trading
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Price went back to 0.618 and is now bearish Good Trading. -15min Chart
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Retest at 0.618, but no retest in MACD (Bearish Continuation) Good Trading. 15min Chart
Trade closed: target reached
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Trade has been completed at -0.27 Good Trading. -15min Chart