USDCAD Wait for the Breakdown of the Corrective Structure
This is a good short once you see a breakdown of the structure.
Look for the price to consolidate outside of the structure (like on the chart) and do another impulse down.
Stop should be set such that you exit the trade if the price stays inside the corrective structure (ie: price is rejected).
Look for the price to consolidate outside of the structure (like on the chart) and do another impulse down.
Stop should be set such that you exit the trade if the price stays inside the corrective structure (ie: price is rejected).
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.