USDCAD - Looking For Sell Setup Already!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
USDCAD stuck inside a range and now sitting around the upper bound / resistance zone so we will be looking for trend-following sell setups on lower timeframes.
on H4: Right Chart
USDCAD formed a symmetrical triangle in blue but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray.
Meanwhile, until the sell is activated, USDCAD can still trade higher.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
USDCAD stuck inside a range and now sitting around the upper bound / resistance zone so we will be looking for trend-following sell setups on lower timeframes.
on H4: Right Chart
USDCAD formed a symmetrical triangle in blue but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray.
Meanwhile, until the sell is activated, USDCAD can still trade higher.
đź“š Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Penafian
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