Hello Everyone!
How are you all?
UsdCad is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. Strong Rejection of the AOI and Sell Impulse move.
2. The price has formed a sell structure in the form of HnS.
3. The price is approaching the value area on the LTF.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High.
Entry : will look for a risk sell entry within the flag.
How are you all?
UsdCad is a pair to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. Strong Rejection of the AOI and Sell Impulse move.
2. The price has formed a sell structure in the form of HnS.
3. The price is approaching the value area on the LTF.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High.
Entry : will look for a risk sell entry within the flag.
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.
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.