I believe that price have reached into a temporary high and wants to retrace to the downside. Price takes out the buyside liquidity and then breaks to the downside on the 4hr timeframe
I would love to see another break to the downside and then another retracement before I can go short on Dollar Index. My target is the Unfilled gap below current market price.
I have USDCAD on my watchlist for next month due to the weakness in Dollar index
What pairs do you have on your watch list for the coming week?
I would love to see another break to the downside and then another retracement before I can go short on Dollar Index. My target is the Unfilled gap below current market price.
I have USDCAD on my watchlist for next month due to the weakness in Dollar index
What pairs do you have on your watch list for the coming week?
Trade closed manually:
Price declined lower but never reached into the gap as expected