USDCAD - RUSHING
Guys,
First of all, I'm sorry but I was already in since yesterday... but not sending it here is worse, so:
I'll try to be fast in this one: On Weekly, price has found support in a previous nice area. I'm trusting that. On daily, we can see a double bottom - for pattern traders - which means that price wasn't able to break the previous low in that timeframe - which means again that price was likely to reject from that area. beautiful. Now look a t the 4hr chart: Price has grabbed liquidity, retested the minor resistance broken - now support - and it's fighting its way towards the upside. Let's grab that. It's already a trade for me, but try to enter on a retest or in a nice support. Peace.
First of all, I'm sorry but I was already in since yesterday... but not sending it here is worse, so:
I'll try to be fast in this one: On Weekly, price has found support in a previous nice area. I'm trusting that. On daily, we can see a double bottom - for pattern traders - which means that price wasn't able to break the previous low in that timeframe - which means again that price was likely to reject from that area. beautiful. Now look a t the 4hr chart: Price has grabbed liquidity, retested the minor resistance broken - now support - and it's fighting its way towards the upside. Let's grab that. It's already a trade for me, but try to enter on a retest or in a nice support. Peace.
Trade active
TP1 on its way, but if market structure shows us, we might close it earlier.Trade active
This shit doesn't want to fly.. common. Either way, I've secured some pips, so let's wait for the trade to roll.Trade closed manually
TP 2 was reached and price started to go its way again... time to make the trailling stop loss work.
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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.