This is the followup to my previous USDCAD chart, where I boldly called the top.
It would seem that I was right before and now we have an interesting setup here, with a clear mode, a very low volatility topping formation in price and new lows in rgmov ahead of price.
We can place a pending short entry under the weekly pivot and update it on a daily basis (it's what I'll do until the short signal gets triggered), using range expansion as the trigger, or wait for one bar to close under the mode without touching it for one session and selling on close, with the stop above the mode.
Good luck if you short this pair here. Managing the position will be half the battle here, check out my zulutrade signal in my profile. I'll be taking the trades I publish here.
Cheers,
Ivan.
It would seem that I was right before and now we have an interesting setup here, with a clear mode, a very low volatility topping formation in price and new lows in rgmov ahead of price.
We can place a pending short entry under the weekly pivot and update it on a daily basis (it's what I'll do until the short signal gets triggered), using range expansion as the trigger, or wait for one bar to close under the mode without touching it for one session and selling on close, with the stop above the mode.
Good luck if you short this pair here. Managing the position will be half the battle here, check out my zulutrade signal in my profile. I'll be taking the trades I publish here.
Cheers,
Ivan.
Operación cerrada: objetivo alcanzado
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.