USDCAD has been in a series of lower low and lower high.
In the above H4 chart, we see a potential double bottom pattern. In a double bottom, it signals reversal of this downtrend. One key thing in a double bottom is the low acts as strong support.
In tflow®, we are able to enter a trade before confirmation of a double bottom (where a double bottom confirmation is via the break of it’s neckline resistance).
First, a flow must establish. Second we see a retracement. If you are here for tflow® free educational seminar, the trainer will illustrate how to conduct tflow® during the session.
Of course, we will have a trigger (which tflow® uses price action trigger – and believe me, that’s the fastest)
In USDCAD, we are waiting for the trigger. Lastly, tflow® can predict the first price target level. We have many levels and thus with this technique, we are able to maximise our profit and improve on reward to risk ratio.
Happy Trading!
