USD/CAD 4H SHORT - SELL THE CORRECTIVE WAVE
Updated
Hey guys,
Decided to share my trading ideas.
The LONG SQUEEZE is done, hence we want to go SHORT around 200 MA on 4H chart.
1. We see volume decreasing going into key 1.34 level, so psychologically traders are more likely to take their profits.
2. Daily candles are not trending - the structure is mathematically incorrect.
3. 200 MA plays the big part on 4H chart approaching end of the week.
My ENTRY is: 1.3365
Looking for a 120-140 Pip move down.
Check me out on: https://www.forexandtravel.com
Decided to share my trading ideas.
The LONG SQUEEZE is done, hence we want to go SHORT around 200 MA on 4H chart.
1. We see volume decreasing going into key 1.34 level, so psychologically traders are more likely to take their profits.
2. Daily candles are not trending - the structure is mathematically incorrect.
3. 200 MA plays the big part on 4H chart approaching end of the week.
My ENTRY is: 1.3365
Looking for a 120-140 Pip move down.
Check me out on: https://www.forexandtravel.com
Note
Hey everyone,So, as i see the idea is active. Will be watching closely today though, not sure if I eant to have it open through the weekend.
Check me out: forexandtravel.com
Trade active
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Trade active
Nicely done whoever got in.Trade closed: target reached
Closed today with a nice profit after Consumer data weakness was expected in forecasts. Interest Rate decision was a no brainer.
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