USDCAD D1 FAKEY FOUND. WATCH NEXT H4 FOR CONFIRMATION.
PRICE WENT BELOW THE LOW OF THE PATTERN BEFORE REVERSING STRAIGHT UP
ENTER LONG ONCE H4 CLOSES ABOVE 1.243
THIS IS SOMEWHAT A BEAR TRAP, HIGHLY EFFECTIVE TRADE IMO ONCE CONDITIONS ARE MET
REASON BEHIND THIS IS BECAUSE PEOPLE CAUGHT WITH THEIR SELL IN THIER POCKET WILL BE FORCED TO CLOSE/STOPPED OUT OF THEIR POSITION. THUS, WE ARE RIDING THE WAVE ON THIS ONE. IF THE CONDITIONS ARE MET.
THOSE GREEDY BEARS WHOSE TRADE TRIGGERED AT 1.239 WILL HAVE NO CHOICE BUT TO HAND OVER THEIR POSITION TO US.
BUY AT 1.245 FOR FAVOURABLE RISK REWARD
ANY HIGHER THAN THAT WILL RESULT IN LESS THAN 2 TO 1 RISK REWARD.
H4 REPRESENTATION OF MY IDEA
SUBSCRIBE AND LIKE MY IDEAS. COMMEND AND SHARE YOUR VIEWS!
HAPPY PIPPING
ENTER LONG ONCE H4 CLOSES ABOVE 1.243
THIS IS SOMEWHAT A BEAR TRAP, HIGHLY EFFECTIVE TRADE IMO ONCE CONDITIONS ARE MET
REASON BEHIND THIS IS BECAUSE PEOPLE CAUGHT WITH THEIR SELL IN THIER POCKET WILL BE FORCED TO CLOSE/STOPPED OUT OF THEIR POSITION. THUS, WE ARE RIDING THE WAVE ON THIS ONE. IF THE CONDITIONS ARE MET.
THOSE GREEDY BEARS WHOSE TRADE TRIGGERED AT 1.239 WILL HAVE NO CHOICE BUT TO HAND OVER THEIR POSITION TO US.
BUY AT 1.245 FOR FAVOURABLE RISK REWARD
ANY HIGHER THAN THAT WILL RESULT IN LESS THAN 2 TO 1 RISK REWARD.
H4 REPRESENTATION OF MY IDEA
SUBSCRIBE AND LIKE MY IDEAS. COMMEND AND SHARE YOUR VIEWS!
HAPPY PIPPING
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