Disliked{quote} Morning, just reading through your interesting thread, thank you for sharing by the way. With the USDCAD pair, does it matter that the 20 ema is pointing upwards ahead of taking the short? The 50 ema is certainly pointing downwards and, with the 20 pointing upwards, it stopped me taking the short trade initially. Thank you.Ignored
As I mentioned in the first post you are looking for either a pullback or relief rally. Look left on the USDCAD daily chart and it is clearly in a downtrend. This is where you start looking for a nice low risk entry.
Another quick practice is to look for twisting SMA's or having them very close together. If that is the case, go to the next chart.
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