USDCAD 4H Bearish RCT
I was hoping a set up would form to catch the downside move I am anticipating. This 4H bearish RCT just created a LCT candle triggering my sell entry. If price closes above 1.2830 the bearish price structure is no longer valid. My target is the 1.2350 area because I am hoping to hold this position into the daily bearish DUS I published last week. Usually after price creates a LCT it will pull back in this case price goes back up but it's the LCT candle I wait for to confirm the price structure and my entries. If a price structure fails, most times it will not create a LCT before it fails.
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