USD.CAD - Sell The Breakout

FX:USDCAD   US-Dollar / Kanadischer Dollar
Currency Pair: USD.CAD
Time Frame: Daily & 4hr
Predicted Direction: Short

Live USD.CAD updates will be available in the comments section below
Kommentar: 4hr Consolidation break & retest has now occurred, i expect further downside into this evening / Wednesday
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Can I still enter now, Tom?
+2 Antworten
TomHall TOP thejuveniletrader
@thejuveniletrader, Only if it meets your rules to do so.
I'm personally not in this trade.
@TomHall, since you're not in the trade, I won't go to haha. I'll play patiently
+1 Antworten
TomHall TOP thejuveniletrader
@thejuveniletrader, Patience and sitting on your hands is key in this game :-)
100% agree with u (y)
+1 Antworten
TomHall TOP Badreddineluis
@Badreddineluis, Appreciate the message
Hello @TomHall thanks for the analysis and I have a questions for you.
1. What the indicator do you use to confirm the real pullback of this chart after the touch 38.20%?
2. And where is the breakout point?

FYI, I am beginner :D
@bhagaym, Hi,

The main indictor used is the 50EMA however i use multiple other techniques and indicators to confirm its validity.
A breakout is subjective and depends on the traders rules, i would first build a basic strategy and then build indicators and confluence factors on top.
+1 Antworten
bhagaym TomHall
@TomHall, thank you very much.. I will learn for it..
@bhagaym, I hope all goes well, have a good weekend.
+1 Antworten
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