USD.CAD long scalp into Reversal Trade? Attempt 2

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)

Bình luận:

Checkpoint # 1

Just hit that first resistance and reacting as expected

That is a good confirmation of the fibs used to plot that zone.
Now to see if it bounces as expected.

.

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...

=============================================================================