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PSamos
Dec 2, 2015 11:49 PM

USD/CAD - H4 - Buy From Bullish Momentum Cont. - Buy Zone Tested Long

U.S. Dollar/Canadian DollarFXCM

Description

For Educational Purposes Only.

Price approached a major buy zone 8 hours ago near 1.3335 - 1.3315 and bounced out of its range. Bullish price momentum continuation is looking buoyant. I would look to see any Price Action signals in these areas. Bullish Hammers. Bullish Outside Bars, Inside Bars & Fake Out's to the Downside before returning to the top of the range.

Safe Stop: 1.3299-94 Area.
1st Take Profit: 1.3440 Area.
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