We broke the consolidating rising wedge low today with a H4 engulfing candle. it is a very authentic sell signal on USDCAD. The most adequate target for this PA is the wedge low price which is marked as Target 2 on the chart breaking lower than that expect 1.32xx.
Best of luck and happy trading! Ensure proper risk management!
Best of luck and happy trading! Ensure proper risk management!
Comment:
Alright, we claimed target 1 and almost got near target 2 as well, but Fed got really pissed about it lol and now have double bottomed. Hope you guys claimed your profits too.
Comment:
Ignore this idea, this is no longer valid!