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USDCAD - Wait For The Trigger ↘️
U.S. Dollar / Canadian Dollar
USDCAD - Wait For The Trigger ↘️
By TheSignalyst
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Jun 30, 2023
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Jun 30, 2023
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Daily:
Left Chart
USDCAD is retesting a resistance zone in blue so we will be looking for sell setups on lower timeframes.
on H1:
Right Chart
USDCAD is forming a head and shoulders pattern but it is not ready to go yet.
🏹 For the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the buy is activated, USDCAD can still trade higher inside the resistance or even break it upward.
📚
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
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