cadchf sell the breakout idea.

cadchf is making a triangle pattern that we can look to break bearish. if and once it does i will be a seller.

cadchf sell the breakout
- triangle continuation pattern
- RSI divergence

entry: breakout
sl: to be determined.(at high or above high after price breakout)
tp: 0.73347

potencial gain: aprox. 150 pips

Comentário:

i did not catch the initial breakout as i was not counting on the breakout happening just yet. it did. does not matter. no rush, no worries, just wait for the setup to get in and join. this will be my entry. market made an impuse, now its making a correction, we will sell the breakout of this correction down to our target. sl is yet to be determined. if proper sl placement does not give me an ideal r/r then i will let it go

Comentário:

finally hit the extension. price may be ready for a HUGE move up on bigger tf