USDCAD ANALYSIS 22 - 26 FEB
ANALYSIS
==========
DAILY - STRONG BEARISH MOMENTUM
4HR - BEARISH
PLAN OF ACTION
================
SHORT TERM BUYS THEN LONG TERM SELLS
IM EXPECTING PRICE TO COME RETEST 50% OR 61.8% FIB RETRACEMENT LEVEL ON 4HR THEN WE TAKE SELLS IN LINE WITH THE HIGHER TIME FRAME INDICATION
SELLS:
ENTRY @ FIB GOLDEN RATIOS
EXIT @ UPON SIGNS OF EXHAUSTION
SL ABOVE THE FIB RETRACEMENT ZONES
==========
DAILY - STRONG BEARISH MOMENTUM
4HR - BEARISH
PLAN OF ACTION
================
SHORT TERM BUYS THEN LONG TERM SELLS
IM EXPECTING PRICE TO COME RETEST 50% OR 61.8% FIB RETRACEMENT LEVEL ON 4HR THEN WE TAKE SELLS IN LINE WITH THE HIGHER TIME FRAME INDICATION
SELLS:
ENTRY @ FIB GOLDEN RATIOS
EXIT @ UPON SIGNS OF EXHAUSTION
SL ABOVE THE FIB RETRACEMENT ZONES
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