UsdCad's 4H chart shows a third touch in the which could indicate a movement, however, as clarified on the daily I'm looking for opportunities after a small reversal.
UsdCad's 1H chart shows a formation. This formation has only one imperfect leg (0.907). I am late for the party in this trading opportunity. In any case, as in the previous timeframes, I would prefer a trade after the pattern is complete.
The reason why I'm ignoring all this short term opportunities is because I don't go against the trend (one of my rules). Perhaps I can work on reversals too but I am not good at them for the moment, and I don't see a need for that in the near future. Don't catch a falling knife! Few pairs, few tools, mastery, entry, management, pips.
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