How to trade a "M" formation [USD/CAD]
Hello everyone,
It is time for yet another forex trading plan. Today I take a look at the USD/CAD currency pair and after a swing up we’ve notice an “M” formation happening just below an H4 resistance area.
Who is ready to sell, sell, sell?
Check out the full trading plan on our official Youtube channel!
And don’t forget to join us at Telegram for some live signals.
Here are the zones so you can place them on your own chart:
H4 Resistance area: 1.3425 to 1.3445
H4 Support Area - Target 1: 1.3293 to 1.3253
Next H4 Support Area: 1.3211 to 1.3160
Small H1 Range: between 1.3380 and 1.3420
Good luck to everyone and may be pips be ever in your favour! :)
It is time for yet another forex trading plan. Today I take a look at the USD/CAD currency pair and after a swing up we’ve notice an “M” formation happening just below an H4 resistance area.
Who is ready to sell, sell, sell?
Check out the full trading plan on our official Youtube channel!
And don’t forget to join us at Telegram for some live signals.
Here are the zones so you can place them on your own chart:
H4 Resistance area: 1.3425 to 1.3445
H4 Support Area - Target 1: 1.3293 to 1.3253
Next H4 Support Area: 1.3211 to 1.3160
Small H1 Range: between 1.3380 and 1.3420
Good luck to everyone and may be pips be ever in your favour! :)
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