Similar idea on USD/CAD based on smaller time frames. I will be looking to short this as it is coming closer to this H4 sell zone. I don't have a setup here, so I will wait it to happen.
The sell area is quite big in this particular case, so once the price comes closer/inside the zone - be ready. If we don't get a decent signal from there, next sell area is from the daily chart which
I will post as an additional picture below.
The sell area is quite big in this particular case, so once the price comes closer/inside the zone - be ready. If we don't get a decent signal from there, next sell area is from the daily chart which
I will post as an additional picture below.
Note
This is the daily resistance in case this trade turns into a bigger time frame sell.Trade active
I am in.Note
The first entry did not work. However, I managed to enter second time and grabbed 60 pips.
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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.