Enter Long position at 1.09980
TP = 1.11003
Price is rejecting 61% Fib level (4hr Chart) showing good signs of reversal.
I believe there is a banking level also at the 61% Fib.
Price Action is also bullish
Hi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD.
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my...
GA has been printing higher highs on the higher timeframes. This current demand zone could be what creates the new higher low for potential bullish run.
AUD has been strengthening across the board but its trade worth taking.
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Looking to enter a short term long position after rejection of (new) daily trend line, aiming for 60 pips R:R - 3. Hoping for a double top for confirmation to enter a longer term short entry, purple highlighted area is resistance area, a rejection of this area and daily close below 109.000 will confirm my entry. R : R - 7, aiming to retest 107.00 area.
Potential future moves. We sit neutral without a confirmation on either moves.
1. Price will continue its bullish run since completing our double bottom pattern... and run from the neckline (CMP) to our resistance line that has multiple wick rejections.
Keep in mind, price may consolidate a little at our current area before price action shows us who is in...