USDCAD 1.27377 - 0.7 % SHORT IDEA * CONTINUATION & PRICE ACTION
HEY EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently range bound consolidating between support and resistance That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- The pair just saw a retest of the 50 % Fibonacci retracement level and rejected this level.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE,
A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently range bound consolidating between support and resistance That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- The pair just saw a retest of the 50 % Fibonacci retracement level and rejected this level.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
