Finally, more than a month since I first published the bearish Crab scenario, USDCAD reached the PRZ. Now, there are several ways to trade it, here are two of them: 1. Aggressive approach - Sell the pattern completion near 1.34. You can look for smaller time frame reversal pattern to better time your entry.
2. Wait for reversal confirmation - More conservative approach that requires more confirmation before jumping into a counter trend trade. A close below 1.32 (at least the Fast SMA line) can be your signal.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.