USDCAD (2618 setup) -1h Chart

2618 technique
- double top
- measure bearish impulse
- wait for retracement at 0.618 and sell
- TP at -0.27 (previous support)
Double Top + 0.618 = 2618

I drew some bars showing what I expect price to do.
Good Trading.

Kommentera:

Flag was formed at 0.618 for bearish continuation.
Good Trading. -15min Chart

Kommentera:

USDCAD reacted over CAD news
-BOC Rate Statement
-Overnight Rate

I expect price to respect analysis
Good Trading. -15min Chart

Kommentera:

1h Chart Structure

Kommentera:

Price made retest at previous resistancce (double top) and is now bearish
Good Trading

Kommentera:

Price went back to 0.618 and is now bearish
Good Trading. -15min Chart

Kommentera:

Retest at 0.618, but no retest in MACD (Bearish Continuation)
Good Trading. 15min Chart

Trade stängt: målet nått:

Trade has been completed at -0.27
Good Trading. -15min Chart