Price just broke out the TL (Red) and formed a Higher High. A Triangle BO Pattern is also forming near PH.
TP@0.6906 (Prior Structure High)
SL@0.6806 (Below Triangle BO)
Morning Post (2017-7-21)
HSI remains strong after the BO of Key Level Structure last week. Currently, it looks like the HSI is consolidating and waiting for another BO.
Trading tips:
1. We look to enter after a BO on the top
2. We may also look for entry triggers if the market retest the previous BO level (near 26,660)
In case you had entered during last week...
FX Analysis (2017-7-20)
USDCAD has just broke out the Triangle consolidation area (Blue arrows).
We look to short at a retest of the BO Line.
TP#1 @Fib Level 1.618, which is also a Key Level Structure support on Weekly Chart. Thus, we should look to cover all positions before this level.
Additional:
In the bigger picture, we should expect some sort of...
