Confluence on this Trade
Monthly Time Frame:
- Trend: Bearish
- Support 1.31593 Breakout
- current price: 1.29572 - 1.30646
- Potentially pullback to support 1.31593
Weekly Time Frame:
- Engulfing candlestick formed: 1.31041 - 1.29565
- as engulfing candlestick formed, theres a chance for retracement at this timeframe
*SHORT TRADE EXPLANATION*
Daily Time Frame
- uptrend breakout (Sell signal)
- Support 1.30510 breakout (sell signal)
- Bearish engulfing candlestick formed: 1.30773 - 1.30346
(SHORT SIGNAL IDENTIFIED)
*ENTRY POINT EXPLANATION*
H4 Time Frame
- Downtrend 3rd retest potential
- Counter trend pullback potential
- Support breakout 1.30566
- SELL ZONE: 1.30566 - 1.30755
This is what occur in my head after looking at USD / CAD chart, whats in your thought? can you share me?? hehe :D Thankyou guys, keep it simple !!
Monthly Time Frame:
- Trend: Bearish
- Support 1.31593 Breakout
- current price: 1.29572 - 1.30646
- Potentially pullback to support 1.31593
Weekly Time Frame:
- Engulfing candlestick formed: 1.31041 - 1.29565
- as engulfing candlestick formed, theres a chance for retracement at this timeframe
*SHORT TRADE EXPLANATION*
Daily Time Frame
- uptrend breakout (Sell signal)
- Support 1.30510 breakout (sell signal)
- Bearish engulfing candlestick formed: 1.30773 - 1.30346
(SHORT SIGNAL IDENTIFIED)
*ENTRY POINT EXPLANATION*
H4 Time Frame
- Downtrend 3rd retest potential
- Counter trend pullback potential
- Support breakout 1.30566
- SELL ZONE: 1.30566 - 1.30755
This is what occur in my head after looking at USD / CAD chart, whats in your thought? can you share me?? hehe :D Thankyou guys, keep it simple !!
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.
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.