1.Strong buy momentum for USDCAD and create bullish engulfing at Daily Timeframe. High possibility 4H/H1 trend will change to uptrend. Wait for candlestick reversal signal at 2 bottom blue box. Near 50% 61.8% Fibonacci/Golden level and also very strong RBS at that area and also trendline break area.
2. Candlestick at 4H close at upper BB. Indicating strong momentum to buy at moving average. 5, 10, 20 EMA
I will wait for pullback(50%-61.8%) and candlestick confirmation to buy at this area.
2. Candlestick at 4H close at upper BB. Indicating strong momentum to buy at moving average. 5, 10, 20 EMA
I will wait for pullback(50%-61.8%) and candlestick confirmation to buy at this area.
Comment:
Sharp! 61.8% Hit