Usd/Cad Sell Update

2019-11-15 03:24:30

I entered this sell based on supply and demand principles without confirming the sell. A idea for a sell confirmation could be as simple as waiting for price to move below the 20 day sma on hour 4.

For daily charts, I use a 5 simple moving average
For 4hr charts, I use a 20 SMA
fot 1 hour charts, I use a 50 SMA

To check the charts to make sure price is moving down when im not sure, i use the 200 sma on the 5min, 10min, 15min charts. If price is under the 200 sma on the 5min chart, price is heading down currently and vice versa!