USD/CAD buying opportunity
I' won't trade the smaller ABCD, the idea is to buy when the price is really oversold, but a reversal pattern and confirmation is still needed, the structure where the stops should be is too far.
REMEMBER: Use this information to get ideas for YOUR analysis, don't trade blindly what other traders trade.
REMEMBER: Use this information to get ideas for YOUR analysis, don't trade blindly what other traders trade.
Note
Price did a little bounce on our zone of interest and went into oversold on the RSI, still waiting for that Double Bottom.Trade active
We got our reversal pattern in a lower timeframe and the price just hit the 1st target by nowTrade closed: stop reached
Just got target one.
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.
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.