Countertrend strategy for USDCAD
USDCAD rejected a bullish continuation by forming a pin bar sell signal. Supply zone around 1.28 .
The overall trend is bullish but the formation invites to take a short position with SL above last bearish candle @1.2711 .
Other correlations support the strategy, like the crude oil I posted yesterday :
The overall trend is bullish but the formation invites to take a short position with SL above last bearish candle @1.2711 .
Other correlations support the strategy, like the crude oil I posted yesterday :
Josep Pocalles
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor
Top Technical Analysis Voice
www.linkedin.com/in/josep-pocalles/
realisto.net
One-to-One Trading Coach & Mentor