USDCAD - Trend-Following Sell Setup!

31 Eki 2021

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USDCAD is sitting around a daily resistance in blue so we will be looking for sell setups.

on H4: USDCAD is forming a channel in red but the lower trendline is not valid yet. So we will be waiting for a third swing to form around it to consider it our trigger swing (projection in purple)

Trigger => Waiting for that third swing (gray zone) to form then sell on its break downward.

Until the sell is activated, USDCAD would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich