I will be watching this trade setup closely for a swing trade (4h chart), though with cautious as this week is fully loaded with news.
For the last two weeks, the FX market is on impulsive move, CAD scheduled for an Interest Rate, trade balance & Employment data... hmmm.
Checklist.
- 2 shooting star bearish candles, showing the push of bear crowd.
- Price on the top trend line of falling wedge.
- Resistance at 1.5200 .
- MACD divergence, on daily chart. From 18June.
- R:R = 1:5 / 1:7
If upward breakout, then wait for pullback or continuation pattern on smaller time frame.
If reverse down, then sell on minor trend breakout.
Mental condition; just recovered from sickness but motivated.
Always track your move and evaluate
Will update after pulling the trigger.
交易進行:
Long @ 1.5223