KaKeungChoi

USDCAD - Trading the S/R Levels and Zones

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
90 2 5
USDCAD             - Trading the S/R Levels and Zones

Trading Rules:
All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone .
Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse.
Do Not chase price, let the price come to the S/R zones before entries.
S/R levels between zones can be use as Take Profit or stop lost location.
Price retreated from Resist zone, and is climbing back up again, this time I am waiting for signal at the blue colour trend line, as the resist zone is weaken.
snapshot
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Resist Zone working perfectly well.
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