Reached bearish Crab completion zone
Finally, more than a month since I first published the bearish Crab scenario, $USDCAD reached the PRZ.
Now, there are several ways to trade it, here are two of them:
1. Aggressive approach - Sell the pattern completion near 1.34. You can look for smaller time frame reversal pattern to better time your entry.
2. Wait for reversal confirmation - More conservative approach that requires more confirmation before jumping into a counter trend trade. A close below 1.32 (at least the Fast SMA line) can be your signal.
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Now, there are several ways to trade it, here are two of them:
1. Aggressive approach - Sell the pattern completion near 1.34. You can look for smaller time frame reversal pattern to better time your entry.
2. Wait for reversal confirmation - More conservative approach that requires more confirmation before jumping into a counter trend trade. A close below 1.32 (at least the Fast SMA line) can be your signal.
Follow my blog - goo.gl/78KZsl
Subscribe to my letter - goo.gl/psNTqg
1.28 could be next.