USDCAD 1.26174 - 0.3 % SHORT IDEA * CONT. PATTERNS, PRICE ACTION
Hello everyone
Hope everyone is having a good one , Here's a look at the USD/CAD from the 4H charts.
* The pair is trading in a descending channel that recently saw a rejection at the roof of structure implsed down with the bears now trading in a
correction of the move.
* The pair Broke out of the bear flag possibly pushing up for a retest of structure currently, if this is what price is currently doing looking for a
retest of the 61.8 % fib level before continuation with the bears.
* follow your entry rules on entries
* significant moves with the bulls change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope everyone is having a good one , Here's a look at the USD/CAD from the 4H charts.
* The pair is trading in a descending channel that recently saw a rejection at the roof of structure implsed down with the bears now trading in a
correction of the move.
* The pair Broke out of the bear flag possibly pushing up for a retest of structure currently, if this is what price is currently doing looking for a
retest of the 61.8 % fib level before continuation with the bears.
* follow your entry rules on entries
* significant moves with the bulls change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
