USDCAD (2618 setup) -1h Chart
Updated
2618 technique
- double top
- measure bearish impulse
- wait for retracement at 0.618 and sell
- TP at -0.27 (previous support)
Double Top + 0.618 = 2618
I drew some bars showing what I expect price to do.
Good Trading.
- double top
- measure bearish impulse
- wait for retracement at 0.618 and sell
- TP at -0.27 (previous support)
Double Top + 0.618 = 2618
I drew some bars showing what I expect price to do.
Good Trading.
Note
Flag was formed at 0.618 for bearish continuation.Good Trading. -15min Chart
Note
USDCAD reacted over CAD news-BOC Rate Statement
-Overnight Rate
I expect price to respect analysis
Good Trading. -15min Chart
Note
1h Chart StructureNote
Price made retest at previous resistancce (double top) and is now bearishGood Trading
Note
Price went back to 0.618 and is now bearishGood Trading. -15min Chart
Note
Retest at 0.618, but no retest in MACD (Bearish Continuation)Good Trading. 15min Chart
Trade closed: target reached
Trade has been completed at -0.27Good Trading. -15min Chart
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