TradingView
VaidoVeek
Oct 21, 2019 11:58 AM

USD/CAD | Short-term Reversal Area Long

U.S. Dollar/Canadian DollarFXCM

Description

Hi,

USDCAD approaching a possible reversal area. Trade is triggered after you have seen a bullish price action inside the green area.

Criteria:
1. Trendline(s)
2. Channel
3. Wave
4. Round nr.
5. Fibo Ext.
6. Yearly high

If it is helpful then take a second and support my effort by hitting the "LIKE" button, it is my only fee from You!

Best regards,
Vaido

Comment

The first half of a plan has occurred - the price is inside the green area.

Here comes the hardest part - you have to be patient!
Wait for a bullish pa. Let the price action guides you into the trade!

Comment

4H candle close above the 15 min Head and Shoulders needed to trigger the trade!
Comments
Tamilkumar
Thanks for the analysis.
VaidoVeek
@Tamilkumar, you are welcome!
DaveBarnes
following
VaidoVeek
@DaveBarnes, Great!
Trendyforex
can i have view of GBPJPY
VaidoVeek
@Trendyforex, In general, GBP pairs are very risky but GBPJPY is around the potential short-term reversal area:

Regards!
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