USDCAD is currently pushing price up to form an M reversal pattern near my zone. The first leg has already formed in 1HR and now the second leg of the pattern is forming. (Double top).
- price is also respecting the 50ema dynamic support in the 1HR time frame
How I will be entering:
- I will be waiting for this current bullish candle to close and possible wick out or price to get near the first leg.
- I will wait for a nice bodied bear candle upon which I will enter.
- price is also respecting the 50ema dynamic support in the 1HR time frame
How I will be entering:
- I will be waiting for this current bullish candle to close and possible wick out or price to get near the first leg.
- I will wait for a nice bodied bear candle upon which I will enter.
Trade closed: target reached:
Target Reached