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bartosz.w

Price bouncing off the 1D time-frame resistance

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
bartosz.w Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD usdcadshort
3
0
usdcad usdcadshort
USDCAD in a downtrend currently bouncing off a S/R line drawn based on 1D time-frame. Short entry on 4h or 1h time-frame after getting sell signal (double top / bar pattern / etc)
Comment:
Price has almost reached the next resistance level now after producing a shooting star candlestick pattern.
If entered short at 11am CET the it was possible to gain ~65 pips with risking ~30 pips.
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