Cadchf high probability trade
There are some good confirmations that the pair is bearish.
Note
I believe the price might rise some more and retest both the BOS and the psychological price level 0.6600. However, it made some strong rejections at the 4hr FVG, so I have already entered a position with a stop loss above the psychological level. Another confirmation that has worked well for me is the head and shoulders pattern, which I also observed forming.Trade closed: target reached
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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.