USDCAD 1 Hour Analyze
Updated
As the price rise up by a compression to the liquidation zone i set the short trade as it showed in the picture. But Rsi is not in over buy area, as a consequence, i will change the time frame to 15 minute and wait for a good position and best price action.
2 possible entry:
1- Now the price is in a upward channel so wait till its break down and enter from its pullback to the channel.
2- Check the rsi in over buy and get candle stick bearish confirmation signal
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Comment your idea and lets talk about the strategy together and learn from each.
2 possible entry:
1- Now the price is in a upward channel so wait till its break down and enter from its pullback to the channel.
2- Check the rsi in over buy and get candle stick bearish confirmation signal
Comment and Like plz.
Comment your idea and lets talk about the strategy together and learn from each.
Note
Still waiting for entry, if the above zone break i will trade for long in its pull back to the zone.Trade closed: target reached
The first scenario - Short - activated and reach the target
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