USDCAD has been trending down for the past 3 months and for the last 4 days of trading activity it showed a strong retracement with several bullish reversal candlestick patterns that caused the form of a 2-day Inside Bar Setup with an Inside Pinbar Combination. Ideally a Buy-Stop Order at the High of the Mother Bar to capture the upward move with a stop loss at the low the recent bar and tight 1:1 RR Ratio for this Counter-Trend Move.
If a Fakey is formed, it is a signal that this Currency pair may resume its Downtrend and to capture that move a Sell-Stop Order below the low of the Mother Bar is ideal to go short going along its downward Momentum with a Stop-Loss at the high of the current bar formed.
If a Fakey is formed, it is a signal that this Currency pair may resume its Downtrend and to capture that move a Sell-Stop Order below the low of the Mother Bar is ideal to go short going along its downward Momentum with a Stop-Loss at the high of the current bar formed.
ノート
USDCAD really did went up. It is now testing1.2988 horizontal resistance level but no close above the price point yet. Currently though, it's now in the process of making another Inside Bar Setup, a possible pause that could result to another upward breakout. Buy Stop on the Mother Bar is another good opportunity to capture the move.
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これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。