stockmarketdaytrader

Price Action Heading Down

Short
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
3
We have a confluence of events occurring right now, price action has just rejected the main pivot point and started to drop, Multiple signals telling us this is true. We have multiple head and shoulders pattern on higher time frames! Looks like the longer 4 hour trend line has been penetrated, alerting us a drop is coming! Daily chart formed railway tracks which is pushing prices down! 123 formation has been broken, lots of confirmation of direction!
Comment:
20 pips a trade is how I do it !!!

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.