USDCAD has completed a Shark pattern last week.
It bounced off the PRZ and is now coming back down to the zone.
This could be a type 2 entry.
My guess is CAD and commodities in general will continue to weaken this week.
Do wait for a price reaction at the PRZ zone before entry.
It could be a ride back to 1.28 for USDCAD.
I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.
It bounced off the PRZ and is now coming back down to the zone.
This could be a type 2 entry.
My guess is CAD and commodities in general will continue to weaken this week.
Do wait for a price reaction at the PRZ zone before entry.
It could be a ride back to 1.28 for USDCAD.
I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.
Nota
Was a great rebound from the PRZ. Hitting the TP perfectly.I missed this trade as I was on the plane to Shanghai.
This is the tough part about juggling a career with trading.
Congrats to those who profited off this idea.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.