(SELL, 1HR) USDCAD Peak High of Week Reached
Updated
- peak low set on Tuesday
- peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed
- m pattern on the high
- take the short to the 50 fibonacci retracement level
- risk/reward: 1:1
- peak high set on Thursday after stop hunt from previous high on the 0.236 fib level that happened on Wed
- m pattern on the high
- take the short to the 50 fibonacci retracement level
- risk/reward: 1:1
Note
stop hunt to the high. trade still valid.Trade closed manually
Resistance level turned into support. Out of trade.
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