USDCAD - Still down after the completion of the Bat Pattern
USDCAD completed the Bat pattern and fell - see link to related idea below
It has just broke below the strong support level of 1.3280 that was holding it up for close to a month. Note that the RSI has gone down way below the oversold zone. Hinting that there should be some correction in the near horizon.
Trade Execution
I would want to look to a continuation of a short trade. Nice entry would be at the support turn resistance level at 1.3280
It has just broke below the strong support level of 1.3280 that was holding it up for close to a month. Note that the RSI has gone down way below the oversold zone. Hinting that there should be some correction in the near horizon.
Trade Execution
I would want to look to a continuation of a short trade. Nice entry would be at the support turn resistance level at 1.3280
Order cancelled:
This pair is confusing me, my bearish bias has suddenly turned bullish.
Price quickly came up above the SAR level creating a bear trap.
As traders, I believe one should be able to easily switch from a bear to a bull as price plays out. We have to trade according to what the charts shows us.
Price quickly came up above the SAR level creating a bear trap.
As traders, I believe one should be able to easily switch from a bear to a bull as price plays out. We have to trade according to what the charts shows us.
