Hello traders,
On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day.
However, since I missed out on the opportunity to go short on Friday, today I still pull the trigger to go short. This is because the price is targeting the Bullish Order block below. Also, the price must move more than 50% between the peak formation low and the peak formation high.
Remember to apply proper risk management. Like and Subscribe
On Friday CADCHF had a strong move to the upside and before the close of the week, there was a strong move to the downside. This move to the downside is an indication of the change in order flow from bullish to bearish. It was confirmed by the formation of a breaker block on the same day.
However, since I missed out on the opportunity to go short on Friday, today I still pull the trigger to go short. This is because the price is targeting the Bullish Order block below. Also, the price must move more than 50% between the peak formation low and the peak formation high.
Remember to apply proper risk management. Like and Subscribe