USDCAD SELL SWING
-If we go to the daily timeframe,
price broke bullsih daily trend
then making a retest where the
red circle is,this retest is also
made on a weekly PRZ zone with
a matching point in the 38.2%
weekly fib. confirming a daily downtrend
-Price is trapped btwn 2 daily PRZ,
so what we gonna do is follow the
trend,wait for the price to make
a new LH below the blue resistence,
and sell there with a 120 pip SL
against a 630 pip TP,minimizing the risk,
avoiding selling close to the
blue support PRZ
price broke bullsih daily trend
then making a retest where the
red circle is,this retest is also
made on a weekly PRZ zone with
a matching point in the 38.2%
weekly fib. confirming a daily downtrend
-Price is trapped btwn 2 daily PRZ,
so what we gonna do is follow the
trend,wait for the price to make
a new LH below the blue resistence,
and sell there with a 120 pip SL
against a 630 pip TP,minimizing the risk,
avoiding selling close to the
blue support PRZ
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Feragatname
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