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There're a couple of trade-ideas within this chart.
1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade.
2. If the market finds support at... moreThere're a couple of trade-ideas within this chart.
1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade.
2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup.
3. A trading opportunity can also develop within the consolidation area as a bat pattern setup.
Personally I prefer setup(1) and (3) let see what does the market give us.
Well, I’m Rayn, and in the past, I used to work the 9-5 just like you. My head of department instructed me to slow down my pace if there wasn’t any other work for me to do. Just so the entire department wouldn’t look bad.
Well, that’s the experience I got working at a Japanese MNC based in Singapore. That was the first realisation that the 9-5 grind was not for me.
These days, I spent about 30 minutes a day in front of my computer to analyse and spot a potential trading opportunity.
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(Episode #352) USDCAD - Trade Ideas Educator - Bullish Bat(19Apr2020)
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