ChrisThein
Long

USD/CAD 30 min Aggressive entry possible flag/pennant

FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking for price to bounce out of this small structure support for an aggressive entry. Look for a hammer , doji , etc to reject that level before getting long. Otherwise you can wait for a deeper pullback into the .50 fib on the 240. See the chart on the bottom right. I'm placing my stops just below the swing low on the 30 min and my first target at the swing high. Ill have a follow on target at the structure level on the 240 with the 1.272 fib correlation. There is also a flag/pennant formation setting up depending on what time frame your looking at. There a few ways to get long here, so just be PATIENT. Good luck trading out there.
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