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!!
Note
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 pairNote
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 greetingsNote
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.Trade closed manually
Take profit
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.