Long USDCAD 17 Jul'23
Smaller TF trap is there
M15 trap may be a bit suspect
HTF does show signs of trap and higher pullback
Overall action is occurring before an extreme, making the setup valid
Overall, I think the trade is valid but active trade management may be required
M15 trap may be a bit suspect
HTF does show signs of trap and higher pullback
Overall action is occurring before an extreme, making the setup valid
Overall, I think the trade is valid but active trade management may be required
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.