Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

USDCAD Sell Trade Fully Explained - 4 April 2024 - by Vladimir Ribakov #trading

4 Apr 2024 · 1 min

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0:48

Vladimir Ribakov breaks down a USD/CAD short trade with multiple technical signals: lower lows on price and indicator, bearish Heikin-Ashi candles, bearish ADX, MACD divergence, and a break below the rising trend line. The trade produced a strong downward move.

Chapters

Here is a sell trade on a dollar CAD that we shared on the trading blog with all of our members, fully explained. Lower lows on the chart with lower lows on the indicator give us a great sell the rallies trading plan. Bearish Heikin Ashi candles support the idea. ADX indicator is bearish as well, supporting a bearish trend. At the end of the pullback, as we wanted sell the rallies, we can see a bearish divergence— higher highs on the chart versus lower highs on the MACD. And a break below the rising trend line gives the green light to go sell. And as you can see, dollar CAD delivers phenomenal move down. Join Home Trader Club for complete trading courses, real-time trading education, and real-time trading opportunities.