USD/CAD sell trade | Oct 20,2020 | Managed Forex Accounts by Keon Consultancy

To understand this post, watch this video before you read this post.

The market fell below C with a faster speed, so the idea of ABCD formation was invalidated. Also, MACD crossover required for bulls didn't take place. The blue line of MACD continued to stay below the red line which indicates bearish continuation. The Hidden Bearish Divergence is in action and market is gonna make a new low below A. Therefore, I took a sell position right a pip below C with SL above recent high and the TP below the previous low, which give me a risk to reward ratio of 1:1.

1 comment

Recent Posts

See All

Comments on our YouTube channel are enabled.

We have enabled comments on our YouTube channel. However, we suggest you to sign up/ subscribe on because we are not sure how quickly we will be able to