USDCAD [ Triangle in a triangle}
Observation:
Price action is either low volatility or high volatility.
Price action is locked in a corner of the big triangle.
Analysis:
Price action is now in low volatility waiting for a big wave to happen.
Peaceful movement is the best preparation time.
Conclusion:
Hedge both Long and Short is in high probability one will get hit.
Do not forget to place stop loss, (use the highest wick size at most for the previous 50 days)
Price action is either low volatility or high volatility.
Price action is locked in a corner of the big triangle.
Analysis:
Price action is now in low volatility waiting for a big wave to happen.
Peaceful movement is the best preparation time.
Conclusion:
Hedge both Long and Short is in high probability one will get hit.
Do not forget to place stop loss, (use the highest wick size at most for the previous 50 days)