IPDA October 2023 USD/CAD
Hello Traders!
Price is currently in a premium. It is above the monthly opening price.
When price is in a premium this is ideal for selling.
If we have to catch the turning point we most wait for a candle to close above several highs.
This will become our smash candle, a model by Larry Williams.
We sell at the low, which is selling on weakness with a sell stop order.
You can potential catch the turning point for a new trend or a great retracement lower.
Cheers!
Price is currently in a premium. It is above the monthly opening price.
When price is in a premium this is ideal for selling.
If we have to catch the turning point we most wait for a candle to close above several highs.
This will become our smash candle, a model by Larry Williams.
We sell at the low, which is selling on weakness with a sell stop order.
You can potential catch the turning point for a new trend or a great retracement lower.
Cheers!