Hello traders, here's how I'm watching USADCAD for possible shorting opportunities. It's as simple as the template to the side:
-Market in a previous downtrend, creating swing lows upon every impulsive drop.
-We've seen a correction that's testing previous supply zone
-We expect for some profit takings at that zone, thereby reducing the buy momentum
-Possible discounting from that zone too, to induce more buying pressure (logical for banks and retail traders to buy at discounted price)
-Wait for extra entry confluence at h=the current supply zone for a short trade.
Hope this helps, do give us a LIKE and FOLLOW, thank you.
-Market in a previous downtrend, creating swing lows upon every impulsive drop.
-We've seen a correction that's testing previous supply zone
-We expect for some profit takings at that zone, thereby reducing the buy momentum
-Possible discounting from that zone too, to induce more buying pressure (logical for banks and retail traders to buy at discounted price)
-Wait for extra entry confluence at h=the current supply zone for a short trade.
Hope this helps, do give us a LIKE and FOLLOW, thank you.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.