CADCHF has formed a clean triple top and printed a strong engulfing candle to the downside. Momentum is also aligned, pushing downward with clear divergence, which increases the probability of a reversal.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
The challenge:
The engulfing candle formed outside of our ideal trading window, and current volume levels are not confirming yet.
1H Volume: 84 (needs to be stronger)
15M Volume: 80 (also below preferred threshold)
Momentum: Divergent and pointing down
Structure: Triple top confirmed
Trigger Candle: Already formed earlier, but volume did not follow through
Plan:
Wait for a stronger volume candle on any timeframe to validate the move.
If VMS fully aligns again, we will consider placing a limit order based on fresh structure.
Patience first. Execution second.
Not financial advice — just documenting my analysis and how I trade the VMS system.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.