USDCAD - Looking For Sell Setup Already!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
USDCAD stuck inside a range and now sitting around the upper bound / resistance zone so we will be looking for trend-following sell setups on lower timeframes.
on H4: Right Chart
USDCAD formed a symmetrical triangle in blue but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray.
Meanwhile, until the sell is activated, USDCAD can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
USDCAD stuck inside a range and now sitting around the upper bound / resistance zone so we will be looking for trend-following sell setups on lower timeframes.
on H4: Right Chart
USDCAD formed a symmetrical triangle in blue but it is not ready to go yet.
🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray.
Meanwhile, until the sell is activated, USDCAD can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram:
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
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