Hi all,
For this
USDCAD
trade I think we have a good setup for a swing trade from the 38% fib level back up to the previous high zone where it will either range for a bit or hit the 23% fib and then return to its original direction down.
As for entry we will either take the entry on the 15 minute with and indecision candle or use a strong bullish engulfing on the 15 and 60 minutes.
Dont mind my crappy drawing lol
entry: 1.34070 +- 20
TP: 1.34608 or round to 1.34600 --> 760 pips
SL: 133870 --> 200pips
GL and Happy trading.
For this
USDCAD
trade I think we have a good setup for a swing trade from the 38% fib level back up to the previous high zone where it will either range for a bit or hit the 23% fib and then return to its original direction down. As for entry we will either take the entry on the 15 minute with and indecision candle or use a strong bullish engulfing on the 15 and 60 minutes.
Dont mind my crappy drawing lol
entry: 1.34070 +- 20
TP: 1.34608 or round to 1.34600 --> 760 pips
SL: 133870 --> 200pips
GL and Happy trading.