y11ohan

Waiting for a good entry

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Price has broken out of the consolidation to the upside, indicating that the institutions where accumulating buy positions and thus confirming the long bias from the big players (market makers that have a lot of liquidity).
We also have a clear low that was formed on the daily chart with a clear rejection :

Waiting for price to retest that consolidation for a good RR entry long.
Entering likely with a limit order for a perfect entry ...

Some might even argue that this is a Head & Shoulders formation :
:)

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out