Dolar USA/Dolar KanadyjskiZaktualizowano Watching USDCAD for a sell: 250 pip potential
Going to keep it short.
The Monthly, Weekly, and Daily Trends are all still bearish.
I think USDCAD is trying to make a run for the 2019 Low (green line)
There should be TONS of stops sitting there as people bought the cup and handle on the monthly chart back in Jan/Feb.
With this as my target, we could be seeing a run up for some liquidity.
We will have a double bottom completing at an untapped point of control. So I'm looking to retail traders to go long right into the hands of institutional sell orders.
The entire move would also be a impulsive bearish crab. The sell zone for that pattern is the light blue.
Observing for now, with elections approaching nothing is off the table.
I am bearish on the dollar currently but things can change quickly in these current conditions.
I like the fact this patterns take profit would be an ABCD that completes exactly at the 2019 low.
The Monthly, Weekly, and Daily Trends are all still bearish.
I think USDCAD is trying to make a run for the 2019 Low (green line)
There should be TONS of stops sitting there as people bought the cup and handle on the monthly chart back in Jan/Feb.
With this as my target, we could be seeing a run up for some liquidity.
We will have a double bottom completing at an untapped point of control. So I'm looking to retail traders to go long right into the hands of institutional sell orders.
The entire move would also be a impulsive bearish crab. The sell zone for that pattern is the light blue.
Observing for now, with elections approaching nothing is off the table.
I am bearish on the dollar currently but things can change quickly in these current conditions.
I like the fact this patterns take profit would be an ABCD that completes exactly at the 2019 low.
Uwaga
and that folks, is why we wait for confirmations lol
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🟢 Did you enjoy this quick read? ⬇
Give me a follow. I post trading psychology tips 3x a week to help you stay sharp as a trader.
The best thing you can invest in isn't the markets. It's yourself.
Give me a follow. I post trading psychology tips 3x a week to help you stay sharp as a trader.
The best thing you can invest in isn't the markets. It's yourself.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.