Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement.
First take profit based on support and second on the 0.27 fibo retracement
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Trade running +140 pips
Looking forward at TP1 and TP2 of the 2618
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ABCD pattern formation for trend continuation, looking at support as first tp
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USDCAD hit TP1 making this a +200 pips move since our 2618 entry
take partial, close trade our wait four second take profit at the -0.27
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Price failed to touch the -0.27 (Second TP in place) for around 3 pips. Bigger amount of pips running in this trade was +280. Price could still reached the second TP level but same structure confirmes bigger advanced pattern formation to ride longs.
Hope you took this move
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What we could expected at the moment where prices is at
Đóng lệnh: đạt mục tiêu
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Trade close and secure the toal move of +285 pips from our 2618 entry
Looks like it's going to test the 618 level for a second time. So better to buy at 1.3232 - 1.3260 area then short again :) There is also a small 2618 trade going on but bullish to the 1.3232 zone. Just my 2 cents. What do you think ?
dakkid
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@dakkid, Sorry for the typo I meant "better to buy now and TAKE PROFIT at 1.3232 - 1.3260 area"
btocastillon
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@dakkid, remember that bigger timeframes dictate the prices tendency