Tying to catch the bottom again.
Last attempt got a nice scalp (click).
This should be much stronger support.
I know, I know, "Bottom picking is a Stinky Business" lol.
But fibs and confluences often point out the exact bottom.
Not all fibs start a reversal, but most Reversals start at a fib.
1.3007-3014 will be tough resistance, break and retest would be a good sign.
1.3053-3058 is a natural retrace level, could fail there to continue downtrend.
1.3099-3102 is the ideal target, should be achievable if Oil take a breather.
.
Previous USD.CAD analysis (click):
Dec 18. 2019: 1.31 Long Scalp (quick 60 pips)
Nov 21, 2019: 1.33 Short Call
Nov 20, 2019: 1.331 Long TP (longs to perfect target)
Nov 19, 2019: 1.319 News Scalp (fib support launch)
Nov 15, 2019: 1.319 Short TP (shorts to perfect target)
Oct 16, 2019: 100+ pip Short
Aug 19, 2019: 1.338 Top Call (exact top mapped)
Last attempt got a nice scalp (click).
This should be much stronger support.
I know, I know, "Bottom picking is a Stinky Business" lol.
But fibs and confluences often point out the exact bottom.
Not all fibs start a reversal, but most Reversals start at a fib.
1.3007-3014 will be tough resistance, break and retest would be a good sign.
1.3053-3058 is a natural retrace level, could fail there to continue downtrend.
1.3099-3102 is the ideal target, should be achievable if Oil take a breather.
.
Previous USD.CAD analysis (click):
Dec 18. 2019: 1.31 Long Scalp (quick 60 pips)
Nov 21, 2019: 1.33 Short Call
Nov 20, 2019: 1.331 Long TP (longs to perfect target)
Nov 19, 2019: 1.319 News Scalp (fib support launch)
Nov 15, 2019: 1.319 Short TP (shorts to perfect target)
Oct 16, 2019: 100+ pip Short
Aug 19, 2019: 1.338 Top Call (exact top mapped)
Bình luận:
Excellent Progress
Perfect bounce and subsequent progress Perfect reactions to the zones plotted.
And we just got a clean Ping on retest of $1.30354
Lets see if can do the same for the zone just above that had rejected a few hours ago...
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Perfect bounce and subsequent progress Perfect reactions to the zones plotted.
And we just got a clean Ping on retest of $1.30354
Lets see if can do the same for the zone just above that had rejected a few hours ago...
=============================================================================
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Just hit that first resistance and reacting as expected
Now to see if it bounces as expected.
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