hey traders,
on usd cad on four hour chart we have beautiful double top pattern to trade.
(Also look at RSI - it shows clear divergence)
There are different strategies to trade this pattern but I suggest to do it this way:
We wait until the market breaks bellow support zone and sell as the market closes below structure
or
we wait a bit more until the retest of structure to sell with better risk to reward.
Target is based on structure but many traders project the height of the top.
Stops go strictly above the highs.
What we need is patience and fair plan to follow!
Good luck!
on usd cad on four hour chart we have beautiful double top pattern to trade.
(Also look at RSI - it shows clear divergence)
There are different strategies to trade this pattern but I suggest to do it this way:
We wait until the market breaks bellow support zone and sell as the market closes below structure
or
we wait a bit more until the retest of structure to sell with better risk to reward.
Target is based on structure but many traders project the height of the top.
Stops go strictly above the highs.
What we need is patience and fair plan to follow!
Good luck!
코멘트:
breakout
코멘트:
more down
코멘트:
holding short
코멘트:
still holding short
거래청산: 타겟 닿음
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