USDCAD printed a double top on the daily. Typically the market tests the neckline (bluebox) in these situations. So now we wait until all checkboxes of our strategy are checked. When that happens we create a setup, wait for the retracement to our entry and ride the trade. But for now, we must wait. Patience is key in trading.
Note
The market didn't provide an entry, so we weren't able to take a trade.
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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.