USD/CAD 1D (GOOD TIME TO SELL!)
good morning traders! should anyone take action on this advice i hope you profit from it!
my main reason for suggesting a sell opportunity is that price has stopped at a key line of resistance, this line is holding strong on daily, weekly and even monthly time frames indicating that this is pretty much the current market ceiling, my reasoning behind this trade is an adx with values of 50+ indicating a strong chance of reversal and also 2 extra levels of confirmation from the rsi and roc making downward moves.
i entered this trade at 1.38974 , i have set a stop loss just above the previous days candle and my take profit order at 250 pips!
my main reason for suggesting a sell opportunity is that price has stopped at a key line of resistance, this line is holding strong on daily, weekly and even monthly time frames indicating that this is pretty much the current market ceiling, my reasoning behind this trade is an adx with values of 50+ indicating a strong chance of reversal and also 2 extra levels of confirmation from the rsi and roc making downward moves.
i entered this trade at 1.38974 , i have set a stop loss just above the previous days candle and my take profit order at 250 pips!
Note
managed to net 186 pips from this trade looks like the downward move will likely continue
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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.