USDCAD - sell
We are looking for sell opportunities as this market is bearish.
Typically the 88.6% fib is an optimum price point. but there are areas of imbalance where I see price going to that can be points of entry.
Imbalance can be at the 50% of an institutional candle (IC) or a retest of a breakout/wick
Entry- I've listed 3 entry points for this short.
Divergence - we can also see divergence on the RSI .ie The oscillator is showing a bearish direction and the price action is showing a bullish direction which indicates, a short may be coming
Take Profit - Will be at the breakout level of the consolidation. This breakout has not been retested
Typically the 88.6% fib is an optimum price point. but there are areas of imbalance where I see price going to that can be points of entry.
Imbalance can be at the 50% of an institutional candle (IC) or a retest of a breakout/wick
Entry- I've listed 3 entry points for this short.
Divergence - we can also see divergence on the RSI .ie The oscillator is showing a bearish direction and the price action is showing a bullish direction which indicates, a short may be coming
Take Profit - Will be at the breakout level of the consolidation. This breakout has not been retested
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.