USDCAD Possible breakout on weekly chart update shakeout on 4hr
https://www.tradingview.com/chart/USDCAD/RR0j5q5J-USDCAD-Possible-breakout-about-to-happen-on-weekly-chart/
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are moving up on high volume wich is as sign of strength. If the high volume movement lasts to the last swing high we probably will have a breakout. If volume dries up at the swing high and we start to see wide spread candles with high volume, it will probably be best to close the trade.
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are moving up on high volume wich is as sign of strength. If the high volume movement lasts to the last swing high we probably will have a breakout. If volume dries up at the swing high and we start to see wide spread candles with high volume, it will probably be best to close the trade.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.