My last USD/CAD long published idea went up exactly to the pip to our TP 1 Weekly Res at 1.3070. Netting +340 Pips!
Since then price has retraced, I still have a long bias on this pair as the monthly candle of May was a very large bullish engulfing.
Price has come to the Monthly Support of 1.2800 and the lower boundary of the ascending channel.
I am looking for a bounce from the current area all the way up to 1.3350, which is where there are 3 confluences:
1) Fibonacci completion of Daily ABCD
2) Monthly Resistance
3) Daily Ascending channel upper boundary
Looking for a clean CTL break on 4HR and bullish candle formation before entering.
Happy Trading.
Since then price has retraced, I still have a long bias on this pair as the monthly candle of May was a very large bullish engulfing.
Price has come to the Monthly Support of 1.2800 and the lower boundary of the ascending channel.
I am looking for a bounce from the current area all the way up to 1.3350, which is where there are 3 confluences:
1) Fibonacci completion of Daily ABCD
2) Monthly Resistance
3) Daily Ascending channel upper boundary
Looking for a clean CTL break on 4HR and bullish candle formation before entering.
Happy Trading.