POTENTIAL SHORT TRADE SET UP FOR USDCAD
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), then plummeted from the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern. We shall be looking for an entry with a small bearish continuation structure here targeting the base of the ascending structure
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), then plummeted from the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern. We shall be looking for an entry with a small bearish continuation structure here targeting the base of the ascending structure
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
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.