USDCAD - Short/Sell Setup
1. Parabolic Advance from 03-Oct to Present
2. Price testing/nearing swing resistance
3. RSI in Overbought Territory
4. Candle structure on lower time frames (esp 2 and 4-hour reflecting selling pressure).
Looking for a pullback to the 1.3400 level. Now 1.3613. Stop: 1.3720
2. Price testing/nearing swing resistance
3. RSI in Overbought Territory
4. Candle structure on lower time frames (esp 2 and 4-hour reflecting selling pressure).
Looking for a pullback to the 1.3400 level. Now 1.3613. Stop: 1.3720
Trade closed: target reached
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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.