Hello Everyone!
How are you all?
CadChf is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it has approached the value area correctively.
3. There is a sell impulse out of the reversal structure
Game Plan:
If the price forms a 15mins flag with two highs and lows,
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
CadChf is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The trend is bearish.
2. The price has formed a continuation structure and it has approached the value area correctively.
3. There is a sell impulse out of the reversal structure
Game Plan:
If the price forms a 15mins flag with two highs and lows,
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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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.
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.