USDCAD (OHLC) Bearish Sentiments
MONTHLY
Divergence on Both candles and TDI priceline in a month. Market structure since beginning of the year has so far been OHLC (Open High) meaning price is looking for a good resistance and once we spot one it will be ideal to Short price . Priceline is still above volatility bands meaning buyers are still dominating hence “resistance hasn’t been found”. How would we know if sellers are in ? When Priceline goes below Volatility bands and bloodline.
WEEKLY
Using Fibs in a weekly view from 5th November 07 to the high of 16 March 2020 you will be able to see price rejecting below 1.46877 and also TDI Priceline facing down and almost crossing below volatility bands and bloodline. Overall structure since January 2020 OHLC.. we waiting for Priceline to cross below volatility bands and bloodline only then will I look for sells . My first potential target will be last months Open 2nd March .. and on TDI try aiming for the liquid 50 line .Weekly Inside bar ranging between 1.45601 and 1.39215. Buyers are still in market . Patience ,wait for Priceline to cross below volatility bands and bloodline and also for price to close below 1.39215.
DAILY
Price appears to be in a consolidation since the 30th of March till 3 April 2020. Waiting on a breakout ..
Overall structure still remains OHLC.. patiently wait for sells .
USDCAD
Divergence on Both candles and TDI priceline in a month. Market structure since beginning of the year has so far been OHLC (Open High) meaning price is looking for a good resistance and once we spot one it will be ideal to Short price . Priceline is still above volatility bands meaning buyers are still dominating hence “resistance hasn’t been found”. How would we know if sellers are in ? When Priceline goes below Volatility bands and bloodline.
WEEKLY
Using Fibs in a weekly view from 5th November 07 to the high of 16 March 2020 you will be able to see price rejecting below 1.46877 and also TDI Priceline facing down and almost crossing below volatility bands and bloodline. Overall structure since January 2020 OHLC.. we waiting for Priceline to cross below volatility bands and bloodline only then will I look for sells . My first potential target will be last months Open 2nd March .. and on TDI try aiming for the liquid 50 line .Weekly Inside bar ranging between 1.45601 and 1.39215. Buyers are still in market . Patience ,wait for Priceline to cross below volatility bands and bloodline and also for price to close below 1.39215.
DAILY
Price appears to be in a consolidation since the 30th of March till 3 April 2020. Waiting on a breakout ..
Overall structure still remains OHLC.. patiently wait for sells .
USDCAD
Trade ativo:
First Tale Profit 1.39372
Trade ativo