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RaynLim

Analyzing for Aggressive Shorting and Buying Setups!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
RaynLim  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Double Top or Bottom Shark Bat askforex100 USDCAD countertrend combotrade doubletopretest Bearish Bat Bearish Shark type2 Contains IO script
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doubletoporbottom sharkpattern batpattern askforex100 usdcad countertrend combotrade doubletopretest bearishbat bearishshark type2 containsioscript

  • USDCAD presents multiple potential opportunities, with a current focus on a shorting prospect.

Weekly Chart Influence:

  • The weekly chart displays a Double Top Retracement, guiding the overarching trading decision.

Approach Considerations:

  • While an aggressive trade might opt for an immediate shorting entry, I'm choosing a more cautious approach.

Short Trade Options:

  1. Daily Chart: Eyeing a Type2 Bearish Shark Pattern for a potential retest at 1.3744.
  2. 4-hourly Chart: Noting a Bearish Bat Pattern completion at 1.3770.
  3. 15-minute Chart: Considering a Bearish Shark Pattern projected to complete at 1.3733.

I'm interested in your perspective. Which of these setups resonates with you, or do you have an alternative approach in mind? Share your insights below!
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