USDCAD - Looking For Sell Setup Already!

2023年3月5日

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on WEEKLY: Left Chart
USDCAD stuck inside a range and now sitting around the upper bound / resistance zone so we will be looking for trend-following sell setups on lower timeframes.

on H4: Right Chart
USDCAD formed a symmetrical triangle in blue but it is not ready to go yet.

🏹 Trigger => for the bears to take over, we need a momentum candle close below the last swing low in gray.

Meanwhile, until the sell is activated, USDCAD can still trade higher.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich