USDCAD bearish setup forming
The plan here is very simple but it might require some patience on your side.
1. Wait for bearish convergence to be formed
2. Wait for double wave correction
3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern)
Target 1: 1.4300
Target 2: 1.4150
Stop Loss: Above the last high created before entering a sell trade or above 1.4700.
1. Wait for bearish convergence to be formed
2. Wait for double wave correction
3. Find a sell entry after the double wave (bearish divergence, bearish candle pattern)
Target 1: 1.4300
Target 2: 1.4150
Stop Loss: Above the last high created before entering a sell trade or above 1.4700.
