USDCAD long, an 0.618, structure, and inside bar combination
USDCAD has several reasons to long here,
1.it's the first time to test 0.618 since the bounce from 1.24;
2.there is a demand zone structure at 1.2555-1.2585;
3. it broke 2 inside 4 hr to the upside (the 1st one is a failed breakdown)
My plan is to put a buy limit @ 1.2585 with an out @ 1.2548, 1st kick @ 1.2622, let's see how it goes!
1.it's the first time to test 0.618 since the bounce from 1.24;
2.there is a demand zone structure at 1.2555-1.2585;
3. it broke 2 inside 4 hr to the upside (the 1st one is a failed breakdown)
My plan is to put a buy limit @ 1.2585 with an out @ 1.2548, 1st kick @ 1.2622, let's see how it goes!
Comment:
ha, stopped me out and run, OK it happens.. lol