Confluence to go Long (Buy)
1. Overall, we are in an uptrend, as we did break above the previous lower high.
2. Came down to retest the previous lower low.
3. Showing rejection of the 0.786 Fib Level.
I do not count the news wicks when doing the fib. Also, EURCAD created a trend line for support.
1R:2.5R
Happy Trading!
1. Overall, we are in an uptrend, as we did break above the previous lower high.
2. Came down to retest the previous lower low.
3. Showing rejection of the 0.786 Fib Level.
I do not count the news wicks when doing the fib. Also, EURCAD created a trend line for support.
1R:2.5R
Happy Trading!