SELL!! USDCAD HAS REACHED A WEEKLY INTEREST AREA
Updated
HELLO TRADERS, I AM CURRENTLY INTERESTED IN USDCAD FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK.
TECHNICAL ANALYSIS
CONFLUENCE FOR SALE AT THE MOMENT
1.- bullish weekly time frame
2.- we are in a zone of weekly interest
3.- we are in an area of daily interest
4.- rejection candle in the 4 Hr time frame
why do I like it?
The price has reached an area of weekly and daily interest where the price has been rejected repeatedly before on the weekly and daily chart, and on the 4-hour chart there is a bearish rejection candle which could give us a turn in the price.
I will wait for the chart to show me more confluences before entering a trade, I will wait for the daily chart to give me a daily rejection candle followed by that I will wait for the 4 hour chart to become bearish breaking the highest low with a full-body bearish candle below the highest low to later wait for a pullback and enter a trade.
If you like the idea, comment, I will respond to suggestions and comments!!
TECHNICAL ANALYSIS
CONFLUENCE FOR SALE AT THE MOMENT
1.- bullish weekly time frame
2.- we are in a zone of weekly interest
3.- we are in an area of daily interest
4.- rejection candle in the 4 Hr time frame
why do I like it?
The price has reached an area of weekly and daily interest where the price has been rejected repeatedly before on the weekly and daily chart, and on the 4-hour chart there is a bearish rejection candle which could give us a turn in the price.
I will wait for the chart to show me more confluences before entering a trade, I will wait for the daily chart to give me a daily rejection candle followed by that I will wait for the 4 hour chart to become bearish breaking the highest low with a full-body bearish candle below the highest low to later wait for a pullback and enter a trade.
If you like the idea, comment, I will respond to suggestions and comments!!
Comment
Be patient, I do not like to operate on Sundays, I always operate from Mondays onwards, the price is not moving as I would like, I still do not have any operations at the moment in the audusd pairComment
I have sent two ideas this week audusd and usdcad, the audusd does not convince me at the moment, I will wait for the usdcad pair, I am currently following it very closely, expect the update of this pair soon greetingsComment
CONFLUENCE FOR SALE AT THE MOMENT
1.- bullish weekly time frame
2.- we are in a zone of weekly interest
3.- we are in an area of daily interest
4.- rejection candle in the 4 Hr time frame
5.- daily rejection candle
Pay attention to this pair, the price is presenting a rejection in the weekly and daily time frame, I have added a daily rejection candle to my list of confluences to look for an entry in this pair, I will wait for more confluences before entering my trade, stay tuned to the new updates that I will be notifying.
Trade active
I have entered my trade into the market in this pair, the price has gone from bullish to bearish in the 4-hour time frame, and I have noticed a bearish head-shoulder shoulder confluence which has been key in giving me a market entry signal to sell.
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