ucad broke out of a trend but its breakout was slightly sluggish. we acctually got a correctional pattern out of it which we can look to buy the breakout of. i will be paying close attention to this expanding triangle as it can give us a nice ride up.
buy the breakout usdcad
- expanding triangle
- oversold RSI
- 4 hr trend b.o. is correctional
- price has not hit 38.2
enty: price breakout
sl: 1.27989(may change after b.o. depending on price action)
tp: 1.33116
potencial gain: 400+ pips
btw chart says "will not short until 133.116" i meant 1.33116 haha :)
buy the breakout usdcad
- expanding triangle
- oversold RSI
- 4 hr trend b.o. is correctional
- price has not hit 38.2
enty: price breakout
sl: 1.27989(may change after b.o. depending on price action)
tp: 1.33116
potencial gain: 400+ pips
btw chart says "will not short until 133.116" i meant 1.33116 haha :)
Comment:
looked at ucad one more time and found this that i hadnt seen. no need to buy the breakout. buy a candlestick rejection pattern if you get it. sl under the rejection
Comment:
buy this breakout
Comment:
no breakout. no trade. if price does still manage to make a bull impulse i will observe it and come to a desition of whether or not it is a trade i would like to take.
Trade active:
ucad is makin a bullish impulse. i am a buyer
Comment:
50 pips already since entry. congrats if you entered on my update.
Comment:
blue box is demand zone. if you have not entered, buy a bounce off the demand zone
this is th new setup. same tp, sl is the low
this is th new setup. same tp, sl is the low
David K Giraldo
