USDCAD 1.25518 + 0.47 % LONG IDEA * PRICE ACTION + STRUCTURE
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HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- There is a demand zones to look out for on the pair at 61.8 % fib before we continue with the bulls.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THE PAIR LAST WEEK.
https://www.tradingview.com/chart/USDCAD/9LiBfpqp-USD-CAD-1-26373-0-05-SHORT-IDEA-PRICE-ACTION-CPNTINUATION/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term the pair has currently entered an up trend as WE broke above the double bottom formation on the 4h chart.
- There is a demand zones to look out for on the pair at 61.8 % fib before we continue with the bulls.
* A break below of this level changes the plan and we await the market to show us direction.
- Looking for LONG entries on the pair this week should all the rules of the formation be met.
HERE'S WHERE WE WHERE ON THE PAIR LAST WEEK.
https://www.tradingview.com/chart/USDCAD/9LiBfpqp-USD-CAD-1-26373-0-05-SHORT-IDEA-PRICE-ACTION-CPNTINUATION/
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Trade attivo
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