FROM Downside Triangle Trendline to Daily Resistance Zone along with RSI And MACD showing sign of loss in upward momentum,
there are quite possibilities of USDCAD going under table in 4 Hr TF either upto TP1 Level or TP2 Level.
We will enter trade based on Confirmation at smaller TFs and will look upto TP levels.
NOTE : This are for educational purpose and is not an investment advice.
there are quite possibilities of USDCAD going under table in 4 Hr TF either upto TP1 Level or TP2 Level.
We will enter trade based on Confirmation at smaller TFs and will look upto TP levels.
NOTE : This are for educational purpose and is not an investment advice.
Comment:
Do position Sizing based on the your Risk and have 2% of portfolio on a single trade.
Comment:
We still don't have any kind of entry confirmation till now so we will be keeping out of trade until we get one.
But there has been formation of Rising Wedge on 5min, 15min, 30min. So we can expect an entry soon.
Looking for downside breakout of Wedge and then retracement to zone 1.35291 and 1.35262.
We will be looking forward to take entry in these specified zones on retracement.
But there has been formation of Rising Wedge on 5min, 15min, 30min. So we can expect an entry soon.
Looking for downside breakout of Wedge and then retracement to zone 1.35291 and 1.35262.
We will be looking forward to take entry in these specified zones on retracement.
Comment:
Upward Wedge has been broken down so we will be looking for the entries for shorting once it retraces back towards the zone 1.35291 and 1.35262
Comment:
Guys we can take entry now as price is between the zone 1.35291 and 1.35262. Stop Loss can be 50 pips above or at level 1.35660 and target can be TP1 AND TP2