USDCAD 1.21507 + 0.47 % SHORT IDEA * PRICE ACTION + STRUCTURE
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE U.S DOLLAR / CANADIAN DOLLAR FROM THE 4 HOURLY CHART.
The pair has been trading in a falling wedge which saw a break above of this continuation structure, looking at the not so fa historic data the pair is definitely no stranger to fake-outs, so looking for a reversal on this one, should structure hold targets 2 & 3 come into play as this will signal continuation.
below is what i had last week on the pair, never triggered.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT THE U.S DOLLAR / CANADIAN DOLLAR FROM THE 4 HOURLY CHART.
The pair has been trading in a falling wedge which saw a break above of this continuation structure, looking at the not so fa historic data the pair is definitely no stranger to fake-outs, so looking for a reversal on this one, should structure hold targets 2 & 3 come into play as this will signal continuation.
below is what i had last week on the pair, never triggered.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
