If you’re looking at one-minute candles, expect a lot of noise and less signal…
There were tariffs announced, and then they were canceled.
I see a lot of complaints about the one minute chart… what’s the reasoning behind that?
But I thought ascending triangles were the perfect pattern to trade? Did the info online and TA influencers mislead me?
Forget about this triangle stuff. It’s not reliable. Mark your buy and sell zones, keep an eye on what the price is doing, and avoid trading when there’s news. I focus only on the Asian and London sessions; I leave the chaotic New York session for watching.
It failed and had no support after the gap up.
Price doesn’t care about your trade before moving. Yes, price action can be rough.
The market has to balance or correct itself before it keeps moving up or closes the big gap. Look at other pairs that have gapped up or down; the price has been adjusting since. USDCAD needed a correction; it hit a resistance zone that hadn’t been broken since March 2003. But the tariffs changed everything. Just my own thoughts— I believe it will break through eventually, but not before some corrections to close the gap and then surge past that zone. Scalping feels wild, right? I’m swinging for now because it seems clearer and easier. Just my take based on my own technical analysis.
Probably because of the ending overseas trading session. Did the spreads change a lot?
Shai said:
Probably because of the ending overseas trading session. Did the spreads change a lot?
That was all Trump. It had nothing to do with spreads or trading sessions.
Close to an ascending triangle. But the triangle needed to break through the high earlier in the chart. Otherwise, it just looks normal.
The rising wedge broke down, basically standard stuff.
What’s the issue?
Umm, I trade from under a rock too.
Trudeau agreed to what Trump wanted. Trump comes out on top.