CADCHF has formed a clean triple top and printed a strong engulfing candle to the downside. Momentum is also aligned, pushing downward with clear divergence, which increases the probability of a reversal.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.